Finance Minister Rod Phillips said the pandemic has created an"unprecedented health crisis" that required more spending.TORONTO — The COVID-19 pandemic continues to take a heavy toll on Ontario, the province’s finance minister said Wednesday as he announced the government has nearly doubled its deficit projection in just three months.
“We remain in uncertain times and the risk of a second wave is real despite our collective efforts to avert it,” he said. “The economic impacts of COVID-19 globally, and in Ontario, are still unfolding.” Among the new measures announced in Wednesday’s update, the province now plans to add $4.3 billion more to a health-care spending contingency fund in advance of a potential second wave of coronavirus cases this fall.
All tax deferrals the province had put in place earlier this year will be extended until to Oct. 1, which it estimates will cost $1.3 billion. “While the current level of government spending and deficits are not sustainable over the long term, they are necessary today,” he said. Ontario Premier Doug Ford makes an announcement with Vic Fedeli, Minister of Economic Development, Job Creation and Trade at Clean Works Corp., in Beamsville, Ont. on Aug. 4, 2020.
Ford has said repeatedly since the start of the pandemic that the province would not hold back spending if it felt it could save lives. Now, he said, it’s about ensuring people clearly understand how the money is being spent.
Source: News Formal (newsformal.com)
What a joke!! Still in lockdown and only 1 death in 2 days! Insane!
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Ontario now projecting $38.5-billion deficit in 2020-21Updated figures are almost double the size predicted by the provincial government in March Swndthe bill to TRUDOPE
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Ontario’s deficit to hit record $38.5-billion in 2021, as Finance Minister declares recessionProgressive Conservative government releases first-quarter financial report, which reveals it will now spend $30-billion on its economic recovery plan, up from $17-billion announced in Marc Thats what you get for makìng poor political decisions. May Toronto bear the brunt of responsibility. What’s the way out of it?
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Ontario's projected deficit will grow to a record $38.5 billion this yearOntario's projected deficit will grow to a record $38.5 billion this year, as the province takes a significant financial hit from the effects of COVID-19, forcing the government to increase its pandemic rescue package to $30 billion in 2020-2021. Just imagine if the popcorn lady was still in charge Kathleen_Wynne Trump2020 MAGA This is a government that won't order mandatory masks Puts children and teachers on some weird experiment canceling social distancing for them While keeping it in place everywhere else Then refuses to take the elderly care out of for profit care leaving them in danger The Ford Government was always going to add to the deficit, Conservative Governments always do. Luckily for him he can at least blame it on the pandemic. Conservative Governments always make life harder and more expensive, there are no exceptions. None.
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Ontario forecast for budget deficit almost doubles to $38.5 billionCOVID\u002D19 relief spending will total $30 billion by the end of the fiscal year But but but what about the lord and saviour Dougie Ford and everything he said to get elected? 🤣🤣🤣 Meanwhile JustinTrudeau has worked 4 days since July. Canada and it's economy is crumbling with two liberal scandals front and center and Trudeau takes a vacation while fordnation still praises him on how good a job he is doing. A pandemic will do that.
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Carleton’s criminology school ends student placements with police over failures to address racismCarleton’s Institute of Criminology and Criminal Justice said in a statement Tuesday that the move will affect about 22 student placement positions in the 2020-2021 school year My Alma Mater, I'm proud to say. Good lord. We're really letting the leftwing wackjobs take over aren't we? This is actually happening? 🤡🌎
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