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ARTICLE · 27 MARCH 2006

Ontario Budget 2006 Highlights

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On March 23, 2006, the McGuinty Government presented their third budget. The main theme of this year;s budget is "Building Opportunity"; with the major spending occurring in the transportation and infrastructure sectors.

CanadaGovernment, Public Sector

By Colin P. MacDonald, Robert A. Fyfe, J. Stephen Andrews, Hon. Gar Knutson, Jeffrey S. Graham, Jack Hughes and Dirk Laudan

On March 23, 2006, the McGuinty Government presented their third budget. The main theme of this year;s budget is "Building Opportunity" with the major spending occurring in the transportation and infrastructure sectors. The Ontario Government plans to spend $1.2 billion on new investment in roads, bridges and transit and other key infrastructure over the next year. The fiscal situation with respect to the deficit has improved significantly - the forecast is a $1.4 billion deficit for 2006 and declining to zero by 2008-2009.

As the Minister of Finance stated, "quick, reliable and safe transportation is vital to our economic success and quality of life. This Budget builds opportunity by paying down our infrastructure deficit and enhancing previous investments in health care and education, strengthening the economy and creating jobs and prosperity".

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