Compared to Ontario, the average per-capita GDP is 32.7 per cent higher in the rest of the Great Lakes region.
ontario government spending
In the recent past, the province's recessions have been followed by extended periods of debt growth.
The Ontario government plans to increase the minimum wage to $15 in January.
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
Ontario's debt interest costs will rise by 21 per cent.
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
According to the budget, debt interest payments will total $13.1 billion in 2021/22.