Governments often spend money today but promise more discipline in the future.
ontario government spending
The province’s net debt will reach a projected $428.7 billion this year.
Ontario’s per-person government debt is 66.6 per cent higher than the weighted average of all other provinces.
Between 2018/19 and 2022/23, the Ontario government expects a 6 per cent increase in inflation-adjusted per-person spending.
Despite steep budget deficits, successive provincial governments have been unwilling to reduce spending.
The province plans to give $500 million in loans and grants to a steel manufacturer in Hamilton.