The Ontario government is providing an additional $3.3 billion to support frontline health care workers and increase health care capacity in response to the COVID-19 outbreak.
Ontario is also pumping $3.3 billion extra over last year's budget into its health-care sector, and setting aside a $1-billion COVID-19 emergency fund.
Close to 11,000 people remain under investigation awaiting test results, the highest number in that category since the outbreak began. The moves will contribute to a major hit to Ontario's bottom line, pushing the deficit from $9 billion to a projected $20.5 billion for 2020-21 - a level not seen since the aftermath of the 2008 recession.
The document contains no multiyear outlook, something Mr. Phillips says will be included in a budget now scheduled for November 15. "We'll do everything within our power to ensure our frontlines workers have the necessary resources to take down COVID-19 and keep individuals and families safe".More news: Benny Gantz elected Israeli speaker, signalling deal with Netanyahu
According to a release issued by the Ministry of Health, the plan includes a $1-billion COVID-19 contingency fund and an unprecedented $2.5-billion reserve, along with another contingency or $1.3 billion.
In Northern Ontario, there are now 14 positive COVID-19 cases, up five from yesterday. Part of the funding will be directed towards hiring staff to help with screening and enhanced cleaning in the homes.
Another measure announced Wednesday were one-time payments to parents of $200 per child up to 12 years of age, and $250 for children with special needs. This funding is also available for children enrolled in private schools. Guaranteed Annual Income System payments for low-income seniors will be doubled for six months.
"There are ample contingencies (roughly $5 billion) built into that estimate".More news: Dua Lipa moves forward new album release
Provision of further support for more affordable electricity bills by setting electricity prices for residential, farm, and small business time-of-use customers at the lowest rate, known as off-peak, 24 hours a day for 45 days to support ratepayers in their increased daytime usage due to COVID-19.
"Many Ontarians are at their financial breaking point".
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Helping to support regions lagging in employment growth with a proposed new corporate income tax credit, the Regional Opportunities Investment Tax Credit. Indigenous communities will see an additional $26 million for health care and critical supplies.More news: Sussex County has 10 more positive COVID-19 cases on Wednesday
Businesses will be given five months of interest and penalty relief to file and make payments to most provincial taxes. Municipalities will be given temporary fiscal room to defer property taxes. A measure valued at over $1.8 billion. It was estimated at C$36 billion in the current fiscal year.