ontario fall economic statement 2019 pdf

ISSN 1496-2829 (PDF/HTML) Ce document est disponible en français sous le titre : Un plan pour bâtir l’Ontario ensemble : Perspectives économiques et revue financière de l’Ontario 2019 — Documents d’information. That’s why we have a plan to make government smarter. The government is fighting gridlock while making public transit an attractive, affordable and low-stress alternative. Over the last 16 months, the government has taken deliberate steps toward balancing the Province’s books. Risks 5. The government inherited the highest subnational debt in the world. We are directing every available dollar to front-line care. We worked diligently to reduce wasteful spending, fix inefficiencies and make government smarter. So that we can make needed investments in critical public services like health care and education. Our improved Blue Box Program promotes innovation and will significantly increase Ontario's recycling rates, keep plastic out of our lakes, rivers and streams, all while saving taxpayers money. Deficits can leave Ontario’s economy vulnerable to the next economic crisis. They were being squeezed by high gas prices, more taxes and skyrocketing electricity costs. Skip to content This will keep Ontario highways reliable and safe for workers, families and businesses across the province, allowing the movement of people and goods while promoting economic development. The government has been responsive, making changes since the 2019 Budget in a way that ensures critical public services are supported, while maintaining the commitment to balance the budget by 2023–24. Our focus on patient-centred health care will also be enhanced with the introduction of Ontario’s new digital health strategy. Over time, it will tie 60 per cent of provincial funding to performance — specifically getting our students prepared to be productive participants in a modern workforce. 2019 Ontario Budget: Protecting What Matters Most. Again, rebuilding the necessary link between a growing economy and our ability to invest in world-class government services. Introduction. Before 2017–18, the Province had not received a clean opinion of its books since 2014–15. Taxes Economy For example, we believe the best way to help low-income workers is to stop taxing them. Today, I am pleased to report that our government is beating its deficit target by $1.3 billion this year. The health of the In his words: What’s good for Ontario is good for Canada — and what’s good for Canada is good for Ontario. For Northerners, we are proposing to reduce the aviation fuel tax rate, saving money for individuals and families on things like groceries and travel. A competitive business environment means workers can find good jobs and businesses can grow. This new revenue will be re-invested back into core public services, like health care and education. Download PDF. Government of Ontario home page FR français 2018 Ontario Economic Outlook and Fiscal Review Ontario’s Plan for the People. As I speak to people across the province, Mr. Speaker, they share Premier Ford’s view that improving Ontario’s competitiveness is essential to our province’s long-term success. Besides the fiscal mess, we also inherited broken systems from the previous government —. News; Statements; Shareables. As a result, Ontario is building highways, subways, and rapid transit systems that are efficient, affordable and get people and goods where they need to be. The government has a balanced and prudent plan to build Ontario together. The Province continues to make progress on delivering rapid transit projects including the Hurontario LRT that will run between Port Credit GO station in Mississauga and Gateway Terminal in Brampton, and the York Viva Bus Rapid Transit that provides dedicated bus lanes along several segments of Highway 7, Davis Drive and Yonge Street in York Region. A repeat performance was forecast for 2019. We are moving forward with a historic transportation vision for the GTA — a $28.5 billion subway transit plan, which includes: the Yonge North subway extension, the Eglinton Crosstown West Extension, the improved three-stop Scarborough Subway Extension, and the all-new Ontario Line. Our government also recognizes the important contribution Ontario’s 622,000-strong Francophone community makes to our province’s identity and prosperity. Our government is investing an additional $400 million in health care and we are investing $200 million more in education over the 2019 Budget. We are adopting smart initiatives like a “digital first” approach to help save money and deliver services more conveniently. We are centralizing procurement, which will drive an estimated savings of $1 billion a year. We are investing $2.7 billion to improve the safety of our roads and relieve congestion for Ontario’s drivers. Where they can start and grow a business, create jobs and build our province. On this page Skip this page navigation. 2019 Ontario Budget BackGrounder Banner. Whether it’s twinning Highway 17 or the Garden City Skyway, or widening the 401 between London and Tilbury, and between Mississauga and Milton — these critical projects will help keep people and goods moving safely through the province.Â. Ontario’s deficit is projected to be $9 billion for 2019–20 — beating the deficit target set out in the 2019 Budget by $1.3 billion. The activities of everyday life such as banking and shopping are now often conducted online. Ontario Minister of Finance Rod Phillips released the government’s 2019 Fall Economic Statement, Building Ontario Together. Our government has a plan to build Ontario’s future together and we are taking the steps to bring this vision to life.Â. As I said earlier, we are investing an additional $1.9 billion in our health care system this year. Table 3.4 The Ontario Economy, 2014 to 2019; Table 3.5 Private-Sector Forecasts for Ontario Real GDP Growth; Table 3.6 Changes in Ministry of Finance Key Economic Forecast Assumptions: 2016 Budget Compared with 2016 Fall Economic Statement; Table 3.7 Ontario’s Medium-Term Fiscal Plan and Outlook; Table 3.8 2016–17 In-Year Fiscal Update Due to the fact that the government accepted the recommendations of the Independent Financial Commission of Inquiry, the Auditor General has issued a clean opinion of Ontario’s books for 2017–18 and 2018–19. A repeat performance was forecast for 2019. We are looking forward to working with the federal government to build the Université de l’Ontario français. Our government’s plan to prepare people for jobs will ensure everyone who is willing and able in Ontario has the tools and opportunity to reach their full potential. As a result of the hard work and ingenuity of the people of Ontario and our government’s policies, over 272,000 net new jobs have been created since June 2018.

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