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Ontario projects record deficit of $38.5B in line with summer projections

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Ontario projects record deficit of $38.5B in line with summer projections

November 5, 2020

Tabling the province’s first budget since the start of the global coronavirus pandemic, Ontario Finance Minister Rod Phillips said the province’s budget is projected to be $38.5 billion, in line with earlier projections this summer. He said the deficit is projected to decrease to $33.1 billion next year and $28.2 billion the year after.

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