The 2020 Fall Economic Statement provides a summary of government measures introduced in response to COVID-19 to help Canadian businesses and individuals.
Finance Minister Rod Phillips has tabled Ontario’s 2020-21 budget which introduces $15 billion of new spending over three years in response to COVID-19.
Siobhan Coady, Minister of Finance and Deputy Premier has tabled Newfoundland and Labrador’s 2020-21 budget, which projects a deficit of $1.84 billion.
On June 17, 2020, Finance Minister Darlene Compton tabled PEI’s 2020-21 budget. The estimates provided in Budget 2020 show a deficit of $3.7 million for the 2019-2020 fiscal year.
On June 15, 2020, Finance Minister Donna Harpauer tabled Saskatchewan’s 2020-21 budget. For 2020-21, the government has projected revenues of $13.6 billion (a decrease of 8.3% from last year) and expenses of $16.1 billion (an increase of 7.2% from the prior year’s budget) resulting in a deficit of approximately $2.4 billion. Due to the uncertainty caused by the COVID-19 pandemic, the government has not provided projections for future years.
On March 19, 2020, Finance Minister Scott Fielding tabled Manitoba’s 2020-21 budget (Budget 2020). The provincial government forecasts strong revenue growth in 2020-21 with a projected increase of $712 million, or 4.2% from last year.
Finance Minister Donna Harpauer was scheduled to table Saskatchewan’s 2020-21 budget on March 18, 2020, however, due to the ongoing COVID-19 pandemic, the government has postponed the release of the province’s full budget.
Le 10 mars 2020, le ministre des Finances, M. Ernie L. Steeves, a déposé le budget 2020-2021 du Nouveau Brunswick. Le gouvernement progressiste-conservateur minoritaire espère obtenir assez de soutien pour son budget lors d’un vote de confiance qui pourrait, plus tard ce mois-ci, entraîner une élection si le budget était rejeté.