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Showing posts from January, 2020

Ontario revenue up $1.5 billion since November - but no new health care spending announced

Ontario’s third quarter finances came out yesterday.  They confirm that although planned health care funding has increased $404.1 million since the 2019/20 Budget, no further increase has been achieved since November's Ontario Economic Outlook and Fiscal Review.  While the lack of new progress since the fall is disappointing, the $404.1 million is a 0.64% funding increase   for health care since the Budget.  Total health care funding for 2019/20 is now planned to increase 3.1% since 2018/19. Also notable: Total revenue is projected to be $157.2 billion in 2019–20, $3.1 billion higher than the 2019 Budget projection and $1.68 billion higher than expected in the fall 2019 Ontario Economic Outlook and Fiscal Review. Program expenses are $2.45 billion higher than in the 2019/20 Budget . The total increase for the year compared to last year is $3.9 billion (so far).  So, in the Budget, program funding was increased 0.91%, while, since then, program fundin