ª The Ontario budget outlines a plan to balance the budget by 2023, a year after the next election ª Province also announces new financial accountability legislation, initiatives to limit bureaucratic bloat, and tax changes for families
Taxpayers Federation cautiously optimistic about Ontario budget
TORONTO, ON: The Canadian Taxpayers Federation is cautiously optimistic about the provincial budget tabled today by Ontario Minister of Finance Vic Fedeli. The budget includes a plan to achieve a balanced budget by 2023, which is one year after the next provincial election. The current deficit is $11.7 billion, down from $15 billion when the government took office.
“Today makes it clear that balancing the budget is a core goal of this government,” said CTF Ontario Director, Christine Van Geyn. “We are concerned that the commitment will not be fulfilled within this government’s first term, but the government is moving in the right direction without imposing any new or higher taxes. While more restraint should have been shown in the first year, overall, the plan looks good for taxpayers."
