Ontario’s financial watchdog estimates the province will be $350 billion in debt by the 2020/21 fiscal year as the government spends heavily on infrastructure. The province currently has $300 billion of debt.
Financial Accountability Officer Stephen LeClair reported that Ontario has the highest debt of all provinces in absolute terms although it is behind Quebec in relative terms.
Financial Accountability Officer Stephen LeClair reported that Ontario has the highest debt of all provinces in absolute terms although it is behind Quebec in relative terms.
