Provincial debt/GDP ratio & debt per capita
Ontario & Quebec debts are concerning.
Ontario: CAD$12.8B interest payment in 2023-24 fiscal year
2023-24: $415B (38% GDP); CAD $26.1k/person
2017-18: $323B (39% GDP); CAD $22.8k/person
In the U.S.., the combined debts of state and its local governments are lower:
Highest State Debt/GDP in the U.S.: Kentucky
Debt: 20.9% GDP; USD$12k/person
Highest State Debt per Capita: New York
Debt: 18.7% GDP; USD$19.5k/person
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