ontario debt

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The province hopes to solve its fiscal problems by relying on revenue growing faster than spending.

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Ontario’s net provincial government debt may reach $350 billion by 2020.

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Ontario has been racking up debt at a historically rapid pace and is on track to rack up still more debt in the years ahead.

2:45PM
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By 2014, Ontario’s sluggish economic performance had caused living standards to fall below the Canadian average.

10:58AM
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Ontarians spend nearly a billion dollars a month just to service provincial government debt.

6:42PM
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Ontario will acquire approximately $50 billion in new debt between now and 2020/21.


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Ontario’s cumulative deficit from 2009 to the end of last year was approximately $81.9 billion—50 per cent more than projected in 2009.


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Ontarians are already burdened by a $300 billion provincial net debt that has ballooned over the past decade.