Ontario's Debt Burden Just Keeps Growing

Ontario's Debt Burden Just Keeps Growing

Quick now: What will be the fastest-rising cost for the Ontario government in the next three years? Health care? K-12 education? Postsecondary education? Justice? Community services? If you guessed any of these, you got it wrong. The fastest-rising program will be paying interest on the debt. It’s going up by 5.5 per cent a year, 21/2 times faster than the health budget. It’s now the third-largest item in the Ontario budget, after health care and education. Servicing the debt takes $10.6-billion a year, and heading higher.

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