Apr 14, 2015

By Jane Brown

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The Ontario budget will be announced on Thursday April 23rd.  Finance Minister Charles Sousa released the date just a few minutes ago, after first mistakenly saying the date would be August 23rd.

“It’ll talk about being balanced in it’s approach, and I can tell you that we’re being disciplined and determined to balance the budget by 2017-18.  We’ve exceeded our targets year over year in the past five years.  In fact, we’ve exceeded our targets this year again by $1.6 billion,” Sousa explained this morning at Ryerson University’s Digital Media Zone.

Sousa hinted at a plan to use assets from the sale of crown corporations in order to invest in infrastructure improvements, such as roads, bridges and public transit.

And he reiterated a commitment to help young people find jobs while improving retirement income for older Ontarians.

“Many of them are at risk because they’re not saving enough, so we’ve got to do more in terms of retirement security, to enable us all to do well so they don’t fall through the cracks.  And that’s why we’ve introduced the Ontario Retirement Pension Plan as well as a voluntary pooled retirement pension plan, all of which are combined to supplement the Canada Pension Plan,” said Sousa.

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