Ontario

Ontario's Debt:

Your Share:

Annual Interest Bill:

$11.2 Billion

Percent of Tax Dollars Spent on Interest:

10.8%

Projected Increase in Debt (2016-17):

$12.2 Billion

Previous Year's Increase in Debt (2015-16):

$11.5 Billion

Increase in Debt Since the Year 2000:

120.3%

Debt-to-GDP Ratio:

39.6%

Useful Facts and Analysis (Ontario):

  • Program spending has increased by 122% since the year 2000 (64% adj. for inflation).
  • The government has spent over $230 billion on interest since 1990.
  • The debt increases by $33,401,779.60 a day, $23,195.68 a minute and $386.59 a second.