The FAO projects a deficit of $12 billion due to higher spending and weak revenue growth.
ontario government spending
Between 2007/08 and 2018/19, Ontario’s debt has grown from $157 billion to $325 billion.
This year, the government expects to add $16.8 billion to the province’s net debt.
This year’s budget plans to increase program spending by 6.1 per cent this year.
Quebec subsidies cost north of $2.4 billion a year or roughly $9,700 per child.
The upcoming 2018 budget will send a clear signal about the Wynne government’s direction.
Ontario's top personal income tax rate is 53.5 per cent.
Next year Ontario’s debt burden per person is projected to surpass Quebec’s.
Ontario’s net debt will rise to a projected $336 billion.