The provincial net debt could hit $390 billion by 2023-24.
ontario government spending
Ontario’s debt load will soar to a forecasted $392 billion by 2023/24.
Ontario has the second-highest top combined provincial/federal marginal income tax rate in North America.
Program spending this year is projected to be $17.7 billion higher than two years ago.
Ontario's 2018-19 deficit is an estimated $13.5 billion.
In 2018/19, the Ontario government expects to spend approximately $12.6 billion more than it collects.
Neither the McGuinty or Wynne governments balanced the budget.
Ontario is running a $14.5 billion budget deficit.
Ontario’s “share” of the federal deficit this year will be approximately $7.1 billion.
A nominal total spending freeze would mean annual reductions in inflation-adjusted per-person spending of about three per cent.