Restoring Ontario's Economic Strength
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 1 Dec 1995, p. 273-281
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Restoring Ontario's Economic Strength


A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto. Address just days after the speaker presented to the legislature the Ontario government's fiscal and economic plan. A plan that "starts the process of restoring Ontario's economic strength, rebuilding confidence in this province as a place to work and live, and redressing the problems associated with 10 years of government overspending." How Ontario got to this point. The legacy of overspending. The ability to provide essential services. Economic growth between 1990 and 1995. Getting to the root of the problem. The need for less government. Support for the Ontario government's fiscal plans. The Savings and Restructuring Act and what it will mean to municipalities. The government commitment to protecting the health-care budget, but not the status quo. Government steps to reinvest health dollars where they are most needed. The need to identify savings before new spending on health care can be undertaken. The accommodation of reduced levels of transfers. A list of reductions. What the reductions mean at the provincial level. Finding new ways of improving services while remaining accountable to taxpayers. Deficit targets. Putting more money back into the hands of people and businesses in Ontario so that the private sector can grow and create the jobs we need. Ensuring a better, more prosperous and secure future for Ontarians.