The Ontario government has unveiled a $17-billion aid package aimed at helping residents, businesses and the health care sector in response to the worsening coronavirus pandemic.

Finance Minister Rod Phillips made the announcement in Ontario’s economic and fiscal update, which provides a one-year outlook on the province’s finances based on current predictions, during an emergency sitting at Queen’s Park Wednesday afternoon.

The package was split into two parts: $7 billion in direct support and $10 billion in business tax and other tax-related deferrals. The increased spending combined with other factors is estimated to result in a provincial deficit of $20.5 billion for the 2020-2021 fiscal year.

Subject to approval in the legislature, the health care sector will receive $3.3 billion in assistance — a majority of that funding is in direct response to COVID-19. Some of the funding was previously announced under a $304-million COVID-19 immediate response plan.

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