Various measures to keep the economy afloat in Canada

The number of coronavirus cases is increasing in different provinces of Canada. In the meantime, the province's premiers, city corporation mayors, chief health officials and policymakers are all gaining momentum.

Many have worked from home during this time of the Coronation epidemic. The pace of industrial enterprises is not the same as before. On the other hand, restaurant business has come to a standstill due to lockdown, only take out business is going on, dining facilities are closed. As a result, the government and the corporation are struggling to match the budget.

As Corona's attacks continue, ন্ট 900 million of Toronto's proposed 2021 budget will be funded by another government. Officials say they have had to prepare this year's budget in the face of a 2.2 billion deficit. However, they have been able to reduce the deficit by ৭ 573 million by cutting off the salaries of workers outside the union.

According to city officials, কোটি 840 million has already been raised under the Safe Restart program to cover the remaining কোটি 1.8 billion deficit. Toronto expects to receive the remaining কোটি 756 million from various levels of government.

City authorities expect ৬ 61 million from the federal government to shelter the refugees. In addition, an additional কোটি 16 million will be available from the provincial government. Overall, the deficit will be reduced to close to 6 percent of the ৩ 1.395 billion operating budget.

City officials say if federal and provincial governments do not step in to address the deficit, capital projects will either have to be scrapped or postponed and borrowed from the reserve fund.

City authorities also ran a তে 1.8 billion deficit in 2020 due to the Kovid-19 epidemic. But the Toronto City Authority overcame the deficit with a ৯ 1.9 billion central fund given to the province to revive its own savings and economy of কোটি 534 million. In 2021, the Toronto Transport Commission (TTC) alone will have a deficit of কোটি 798 million. Toronto will have to spend an additional ৮ 261 million for citizens to maintain physical distance.

"As far as we know, this is going to be the most difficult budget season," said Gary Crawford, head of the budget team. We have had to do a lot of work to continue the services provided to the citizens without raising taxes.

It should be noted that the Government of Canada has taken various steps to keep citizens healthy and economically normal since the beginning of the Corona epidemic, which is still in force. Concerned parties feel that the various steps taken by the government at this time of continuing coronation deserve praise. The introduction of vaccines, on the other hand, will also help keep the Canadian economy afloat.