Ontario taxpayers must pay $21.2 billion in government debt interest this year

Government debt imposes real costs on individual Canadians and their families in the form of interest payments. Governments must pay interest on their debt—it’s not a choice. And the more money governments spend on interest payments, the less money is available for the programs and services that matter to Canadians.As recent Fraser Institute study points out, interest on the federal debt will total $24.9 billion this year, more than what Ottawa plans to spend on transfers to Canadian families in the form of children benefits ($21.8 billion).But how much must Canadians pay in provincial government debt interest this year?In Ontario,

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