With a focus on protecting the people of Ontario amidst the COVID-19 pandemic, the province announced it will release its 2020 budget on Thursday, November 5.
Premier Doug Ford says it will provide much-needed support to families, workers, and employers.
“To start us down the road to recovery, we need a healthy workforce. That’s why we have put the health and safety of every Ontarian first during this pandemic,” Ford said at Monday’s COVID-19 briefing.
“Getting people back to work, creating more jobs and attracting investment are also important priorities for our government. The upcoming budget will strike a balance that will focus on continuing to protect everyone’s health and safety, while creating the right conditions for our economic recovery.”
Finance Minister Rod Phillips said the budget will be a three-year action plan to battle COVID-19, providing a roadmap to pandemic recovery.
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.
Phillips said in August that due to billions more in spending required by the ongoing pandemic, that number is set to reach $38.5 billion.
— Tina Yazdani (@TinaYazdani) October 26, 2020