Doug Ford government to unveil 1st budget on April 11 - Action News
Home WebMail Friday, November 22, 2024, 09:16 PM | Calgary | -11.3°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Toronto

Doug Ford government to unveil 1st budget on April 11

The Doug Ford government will unveil its first budget on April 11, according to the province's finance minister, who pledged "relief for families" but offered no details.

Finance Minister Vic Fedeli announced date at a cafe in Nobleton, Ont., Thursday morning

Finance Minister Vic Fedeli said little about what his government's first budget, slated for April 11, will contain. (Guillaume Cottin/CBC)

The Doug Ford government will unveil its first budget on April 11, according to the province's finance minister, whopledged"relief for families" but offeredno details.

Vic Fedeli announced the budget date during a Thursday morning press conferenceat Cappuccino Bakery in Nobleton, Ont.

Fedeli said the document will have a "detailed plan" for when the government aims to balance the budget and how that will happen. However, he would not say whether the budget will be balanced by the end of the Progressive Conservative government's first mandate.

He called the plan "the Goldilocksapproach," saying balance won't be reached too soon, or too far in the future.

"Our budget balance will be just right," he said.

Last month,Fedelisaidan uptickinsales and income tax revenuehelped knock more than $1 billion off the province's deficit, which now sits at about $13.5 billion, according to the finance minister. The financial accountability officer, however, puts the deficit at about $12 billion.

Treasury Board President Peter Bethlenfalvy said in February thathe has directed ministries to limit spending until the fiscal year end of March 31.

Fedeli would not say if the path to balance would include job cuts, noting only that the premier has vowed to find "efficiencies" without affecting frontline government workers.

He also would not offer specifics about what goodies the budget might contain. He only said the budget"will help preserve what matters most, while putting people, taxpayers of Ontario, at the centre of all government decisions."

The document will set the province "down a pathto long-term fiscal sustainability," Fedeli said.

"It will bring jobs and growth back to our province while protecting what matters mostour hospitals, our schools and our other vital public servicesfor us, for our children and for our grandchildren. It's time that we work smarter, spend smarter and reinvent the way we deliver critical public services that we all cherish."

With files from The Canadian Press