Ontario’s $187 billion Fall Budget includes lots of money for healthcare and helping the economy recover
Today Finance Minister Rod Phillips laid out the three-year budget, saying it provides certainty during uncertain times.
“Our plan has three pillars – protect, support and recover,” said Phillips. “First, we are taking steps to protect people from this deadly virus, by increasing our health investments to $15.2 billion dollars. Second, we are building on our earlier relief to provide a total of $13.5 billion dollars of direct support for families, workers and employers in addition to $11.3 billion dollars in cash flow support.”
Phillips adds that the budget contains $4.8 billion for jobs and $2.5 billion more since last year for hospitals too.
This budget carries a record $38.5 billion deficit for this year.
Another fiscal update will happen at the end of March.
To watch the full Nov. 5th Ontario budget update, see below.
(Photo via Finance Minister rod Phillips Twitter Account)
