The government’s operating deficit now stands at $14.5 billion—only half a billion less than the pre-update status quo.
Deficits and debts are not free money—they come at a cost.
Ontario’s debt grew by 107 per cent over 10 years.
Since 1990-91, the province has run deficits 20 out of 27 years.
Ontario holds more debt than any other sub-national government in the world.
Ontario has a debt burden of more than $300 billion.
At the end of this year, Ontario will have run 10 operating deficits in 11 years.
The province’s debt load will hit $325 billion this year.
The province is $325 billion in debt.