Finance Minister and Nipissing MPP Vic Fedeli will deliver his first provincial budget next month.

The province has announced April 11th is budget day in Ontario.

Fedeli says the government’s first budget will outline their plan to return the province to balance in a responsible manner, and protect critical public services like health care and eduction.

He says it will also outline how they will create and protect jobs for Ontario workers, and put the people at the centre of everything they do in government.

“Our first steps towards restoring Ontario’s fiscal health are paying off. Businesses are investing, expanding and hiring in Ontario, creating jobs and ensuring prosperity reaches every corner of this province. We are on the right track,” added Fedeli, who noted progress the government has made despite inheriting a $15 billion deficit and more than one-third of a trillion dollars in debt from the previous government.

The province says the recently released Ontario 2018-19 Third Quarter Finances forecasts an improvement of $1.5 billion in the Province’s deficit to $13.5 billion, with Third Quarter improvement largely the result of stronger economic growth, supported by Ontario’s open for business approach to government. “Balancing the budget is not just a fiscal imperative, but a moral one,” Fedeli said.  “Every dollar that is spent on paying interest on debt is one less dollar going to our schools and hospitals. Unless we take action now, our children and grandchildren will have to bear an even greater burden. Balancing the budget will help us sustainably fund essential public services for current and future generations.”

 

(File photo)

Filed under: Ontario Finance Minister and Nipissing MPP Vic Fedeli