Ontario has accumulated significant government debt over the past 15 years. The document outlines Ontario's annual debt levels and debt servicing costs between 2001-2014. It also discusses Ontario's credit rating and the factors that are analyzed in credit rating assessments, such as debt levels, economic growth, and budgetary performance. The document argues that high compensation for public sector employees is a major driver of Ontario's deficits and that the public sector compensation model is unsustainable given private sector wage trends.