Article | 11/5/2020 share.

Ontario is projected to pay $12.5 billion in interest costs in 2020–21, unchanged from the forecast in the 2020–21 First Quarter Finances .

Ontario’s 2020–21 net debt-to-GDP ratio is now forecast to be 47.0 per cent, compared to 47.1 per cent at the time of the 2020–21 First Quarter Finances.
Read more: Ontario budget: OLG expected to see $2.1B drop in revenue, cannabis sales jump Wine and beer tax freeze The government is freezing scheduled tax …

The budget anticipates a deficit of $38.5 billion for 2020 and projects deficits of $33.1 billion for 2021 and $28.2 billion for 2022. Ontario's Finance Minister Rod Phillips delivered the province's 2020 budget on November 5, 2020. 2020 Ontario Budget Highlights. Silvia Jacinto . Ontario’s Action Plan: Protect, Support, Recover.

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