According to forecasts, by 2023/24, Ontario's annual government debt interest costs will hit $15.5 billion.
ontario's debt
March 28, 2019
10:38AM
Ontario’s debt-to-GDP ratio is forecasted to be 40.4 per cent.
March 13, 2019
11:16AM
In 2018/19, the Ontario government expects to spend approximately $12.6 billion more than it collects.
February 21, 2019
9:52AM
Neither the McGuinty or Wynne governments balanced the budget.
January 9, 2019
8:59AM
Ontario’s government spends more than $1 billion every month on debt interest.
December 19, 2018
11:36AM
This year’s budget shortfall is projected to eclipse $14 billion.
January 17, 2018
10:34AM
Over the past decade more Ontarians have left to live in other provinces than have moved here from elsewhere in the country.
December 7, 2016
1:48PM
Since 2007, Ontario’s net debt has approximately doubled and is expected to reach $315 billion this year.
December 29, 2015
1:49PM
During 10-year period, major federal transfers to Ontario rose from $10.9 billion to $20.4 billion—an increase of 87.8 per cent.
February 5, 2015
9:30AM
Many Ontarians have likely heard a horror story or two about their government’s growing debt and the resulting strain on public finances. You can’t blame them. Sources of evidence abound.