Ontario Finance Minister says all COVID-19 contingency funds spent

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Province releases fiscal update that it says counters claims it is sitting on pandemic cash but acknowledges it still has $4.5-billion in reserve

This translation has been automatically generated and has not been verified for accuracy.Ontario says it has completely exhausted the $13.3-billion in COVID-19 contingency funds it set up to fight the pandemic but acknowledges it still has $4.5-billion left in rainy-day funds for the remainder of its fiscal year, which ends March 31.

The government said that just since its most recent budget, tabled in November, it has also boosted its spending by another $2.6-billion for hospitals, long-term care homes and support for businesses left in the lurch by shutdowns.For months, the government has faced criticism after the province’s independent fiscal watchdog said it had, as of Sept.

But its numbers also show it still has $4-billion left to spend this fiscal year if needed in a general contingency fund, while leaving $500-million in a reserve fund meant to be drawn upon if the province’s revenue projections are off.

 

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Lies - a forensic accounting needed.

Tax vacant homes at 5% Tax flipping homes at 35%

It's all been spent. Well, except for the $4.5 billion slush fund.

I suspect he's lying

.....and I bet no one took a pay cut in the government... or had a position cut like normal citizens ...right?

wtf WHERE DID the $12 billion go?

Excuse me? $6.5B Federal Transfer Payments have been spent?

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