Ontario Government Protecting What Matters Most
Ontario’s Government for the People builds toward financial sustainability and a more prosperous future
TORONTO — Today, Peter Bethlenfalvy, President of the Treasury Board, tabled the annual estimates in the provincial legislature, highlighting the government's commitment to restore financial sustainability and protect what matters most to Ontarians.
This year's annual tabling of the estimates reveals the hard work that has been done by the Ontario Government to strike a balance between restoring provincial finances and maintaining the high-quality services that Ontarians expect and deserve - both now and for future generations.
"Ontario must chart a new fiscal path or risk becoming a failed economic state," said Bethlenfalvy. "By racking up the largest subnational debt in the world and spending $40 million more per day than it was taking in, the previous government put the things that matter most at risk, like healthcare and education. That's not ideology. That's math."
In the 2019 Ontario Budget, the government put forward a plan that sets Ontario on the right path to achieve significant savings and cost avoidance, while moving forward on a plan to reduce the debt burden. Through strategic investments, the budget aims to preserve the vital services Ontarians rely on and help make life easier for the hard-working people of this province.
"The interest on debt accumulated by the previous government is the single largest cut to frontline services in Ontario's history," said Bethlenfalvy. "Ontario deserves a better, brighter future. That's what we're building - without apology, and with tremendous care. That's the core commitment behind our plan: a promise to protect what matters most."