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Ontario's Economy Is Turning the Corner, Creating Jobs

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Ontario's Economy Is Turning the Corner, Creating Jobs

McGuinty Government Protecting Public Services While Managing Expenses

Ministry of Finance

Ontario is committed to eliminating the deficit, while protecting key public services in education and health care.

The Better Tomorrow for Ontario Act (Budget Measures), which includes measures announced in the 2011 Budget - Turning the Corner, today passed third reading. As part of the Budget, the province will create and retain about 10,000 jobs through new partnerships with the private sector in Ontario.

The Act also sets out the government's commitment to reduce the number of government agencies, provide better value for taxpayer dollars, and make strategic investments for a brighter future. It also lays out Ontario's plan for managing responsibly by finding savings of nearly $1.5 billion across government over the next three years.

The budget measures build on the McGuinty government's Open Ontario Plan to strengthen the economy, promote job creation and protect the public services that Ontario families count on. In addition, Ontario's Tax Plan for Jobs and Growth will provide $12 billion in relief for families over three years.

Quick Facts

  • Key elements of the 2011 Budget include:
  • Supporting more than 60,000 additional students in Ontario's colleges and universities by 2015-16.
  • Providing about 90,000 additional breast cancer screening exams to help reach more women at high risk.
  • Introducing a comprehensive Mental Health and Addictions Strategy, starting with children and youth.
  • Expanding pharmacy services and support to help seniors and people covered under the Ontario Drug Benefit Program.
  • Helping cattle, hog, sheep and veal farmers by implementing a new Risk Management Program, and a Self-Directed Risk Management Program for the edible horticulture sector.
  • Establishing the Commission on the Reform of Ontario's Public Services, which will provide advice on reforms that would help accelerate the government's plan to eliminate the deficit.

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Quotes

“The budget measures contained in this bill will strengthen Ontario's economy, attract investment and jobs and protect our schools and hospitals. Ontario's economy is turning the corner, and we have a realistic and responsible plan to ensure a better tomorrow for all Ontarians.”

Dwight Duncan

Minister of Finance

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