Home NEWS Coronavirus: Ontario tasks $2.6B extra in COVID-19 pandemic spending since fall price...

Coronavirus: Ontario tasks $2.6B extra in COVID-19 pandemic spending since fall price range

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TORONTO — Ontario expects to spend an extra $2.6 billion to struggle the COVID-19 pandemic.

The province says that brings its one-time pandemic spending to $13.3 billion.

The funds had been offered to the province from the federal authorities and Ontario says they’ve now all been allotted.

In its third quarter monetary report launched right this moment, the province says the extra $2.6 billion will go in the direction of making a beforehand introduced grant program for small enterprise, and to assist hospitals and long-term care houses.

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Ontario’s projected deficit stays at $38.5 billion, unchanged because the 2020 price range was launched in November.

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The province says it has put aside a $3.9 billion contingency fund — up by an extra $2.1 billion — to handle any additional spending wants from the pandemic for the remainder of the fiscal 12 months.



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