Ontario’s “share” of the federal deficit this year will be approximately $7.1 billion.
ontario government spending
A nominal total spending freeze would mean annual reductions in inflation-adjusted per-person spending of about three per cent.
Despite Premier Ford’s rhetoric, government spending in Ontario will still be up markedly this year.
Government-sector employees in Ontario are paid approximately 13 per cent more than comparable private-sector workers.
If the government exercises spending restraint, it can eliminate Ontario’s $15 billion deficit in roughly three years.
Ontario holds more debt than any other sub-national government in the world.
In 2017/18, Ontario’s net debt reached $308 billion.
The FAO projects a deficit of $12 billion due to higher spending and weak revenue growth.
Between 2007/08 and 2018/19, Ontario’s debt has grown from $157 billion to $325 billion.