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Coronavirus: Ontario budget to be released Nov. 5 despite pandemic delay | FULL

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Finance Minister Rod Phillips said Monday that Ontario’s budget will be released on Nov. 5.
Phillips said the budget will be a three-year action plan that lays out three scenarios in its financial outlook.

The province delayed its budget, which was originally scheduled for release in March, because of the pandemic and instead unveiled a COVID-19 focused fiscal update.

The Progressive Conservative government had said in March that the deficit would reach $20.5 billion by the end of 2020-2021.

Philipps said in August that due to billions more in spending required by the ongoing pandemic, that number is set to reach $38.5 billion.

Ontario reported 851 new cases of COVID-19 today, and six new deaths due to the virus.

For more info, please go to https://globalnews.ca/news/7422577/ontario-budget-november-5/
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Category
U.S. & Canada
Tags
Doug Ford, Christine Elliott, Rod Phillips
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