Ottawa Has Capacity To Help Rebuild Provinces, Sorbara Says

Archived Release

Ottawa Has Capacity To Help Rebuild Provinces, Sorbara Says

Ministry of Finance

Investment Required In Post-Secondary Education, Infrastructure, and Social Programs TORONTO, Jan. 31 - The federal government needs to restore its funding for the programs and services that keep Canadian communities economically and socially vibrant, Finance Minister Greg Sorbara says. "We are asking the federal government to ensure future economic growth and prosperity throughout Canada by restoring previous levels of funding for post-secondary education and social programs, and providing new investments in infrastructure," Sorbara said. "We're calling on the federal government to invest in this province's most precious resource - our people." Wrapping up a meeting of provincial and territorial finance ministers, Sorbara said there was consensus from all corners of the country that Ottawa should use its budget surpluses to bring its investment back up to historic levels in areas such as post-secondary education and child care. The federal government is predicting $61 billion in budget surpluses between now and 2010. Sorbara, as chair of the finance ministers' meeting, pointed out that: - Ottawa's contribution to Ontario's colleges and universities, through the Canada Social Transfer (CST), is less now than it was a decade ago. - The province looks forward to seeing the promised federal funding for a national early learning and child care program in the upcoming next budget. - Ontario needs federal support for improvements to cross-border transportation, public transit, clean water, and other infrastructure initiatives that are important to the province's economic competitiveness. - More than 14 months have passed since Ontario and Ottawa began negotiating an immigration agreement, with so far, no results. "All of these areas deliver a favourable rate of return on investment - they help build and strengthen all areas of the country and ensure our collective prosperity," Sorbara said. "We are confident that Federal Finance Minister Ralph Goodale will use his 2005 budget to address the priorities of all Canadians." Disponible en fran├žais For more information visit www.gov.on.ca/finFor further information: Sean Hamilton, Minister's Office, (416) 953-9178; Manuel Alas-Sevillano, Ministry of Finance, (416) 212-2155