Furthermore, the report shows Ontario is on track to rack up considerable debt. In fact, it projects Ontario will acquire approximately $50 billion in new debt between now and 2020/21—this on top of the mountain of debt the province has already acquired in recent years, bringing the province’s net debt load (a measure of debt that adjusts to financial assets) to a record high of $350 billion. That’s about $25,000 for every Ontarian.
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