TORONTO—Ontario, Canada’s most-populous province, said on Thursday it would spend more on healthcare and support for the economy during the coronavirus crisis, as it projected a record budget deficit for 2020-21 and additional shortfalls over future years.
Ontario, which is Canada’s industrial and manufacturing heartland, forecast a deficit of $38.5 billion in the current fiscal year, matching an August forecast, a budget document showed. The province’s Progressive Conservative Party government delayed the budget from March because of the pandemic. Its fiscal year began on April 1.
