Finance Minister Tom Osborne presented the fiscal update on the shape of the province's coffers for 2020-2021 Friday morning. "It is unusual to provide a fiscal update in advance of a fiscal budget, but unusual seems to be the new normal these days," he said. Health care costs alone are projected to increase by $261 million, $90 million of which is directly related to the pandemic, with PPE costs cited as the bulk of that cash. Oil woesThe pandemic's economic effects are compounded by several factors involving the province's biggest moneymaker, its oil sector. The province's projected revenue is expected to decrease by $631 million, the lion's share of that — $560 million — from declining offshore royalties.

Source: CBC News July 24, 2020 12:41 UTC