Annual debt growth has increased substantially since 2018 when the Ford government took office.
The province's net debt has climbed from $338 billion in 2018 to more than $400 billion.
The government projects a budget deficit of $21.5 billion for 2021-22.
At 48.8 per cent, Ontario’s net debt-to-GDP ratio this year will be the highest in provincial history.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.
Michigan’s per capita GDP was $3,911 higher than Ontario's.
Ontario now anticipates a $38.5 billion budget deficit this fiscal year.