Neither the McGuinty or Wynne governments balanced the budget.
ontario government spending
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.
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.