TORONTO—The Ontario government will spend more on interest costs in 2020-21 than post-secondary education, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“Interest must be paid on government debt, and the more money governments spend on interest payments the less money is available for the programs and services that matter to Ontarians,” said Steve Lafleur, a senior policy analyst at the Fraser Institute and author of Federal and Provincial Debt Interest Costs for Canadians.