Provincial budget big on infrastructure, hard on deficit – Sault Star

April 24, 2015

SAULT STE. MARIE – The Ontario government tabled a $132-billion budget Thursday that leans heavily on infrastructure spending over the next decade, and eliminates the province’s $8.5-billion deficit in two years.

Liberal Finance Minister Charles Sousa’s spring budget, presented in the Ontario legislature Thursday afternoon, commits $130-billion in infrastructure funding over the next 10 years, but increases program spending by about 1.4% in fiscal 2015-16.

“The good news is that we’re on track to balance the budget,” Sault MPP David Orazietti said Thursday.

“Despite the fact that there continues to remain a deficit, there are no new tax increases in this budget,” Orazietti said. “We’ve got a very measured strategic approach to getting back to a balanced budget, and we’re going to get there.”

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