TORONTO (Reuters) – Ontario, Canada’s most-populous province, said on Thursday it would spend more on health and support for the economy during the coronavirus crisis, as it projected a record budget deficit for 2020-21 and additional large shortfalls over the coming years.
The province’s Progressive Conservative Party government forecast a deficit of C$38.5 billion ($29.5 billion) in the current fiscal year, matching an August forecast, a budget document showed. The budget was delayed from March because of the pandemic.
(Reporting by Fergal Smith; Editing by Peter Cooney)
