Ont. throne speech will commit to balancing the books

Finance Minister Charles Sousa talks about the upcoming budget at Queens Park on July 2, 2014....

Finance Minister Charles Sousa talks about the upcoming budget at Queens Park on July 2, 2014. (Dave Abel/QMI Agency)

Antonella Artuso, Queen's Park Bureau Chief

, Last Updated: 8:08 AM ET

The provincial throne speech — entitled Building Ontario Up — will call for spending in infrastructure while reaffirming the government’s commitment to balancing the books by 2017-18.

The Ontario Liberal government under Premier Kathleen Wynne will not veer sharply to the left or right end of the political spectrum, a government spokesperson said.

Wynne’s government will proceed with a made-in-Ontario retirement pension plan and $130 billion in infrastructure over 10 years including $29 billion in transit and transportation improvements.

Finance Minister Charles Sousa said the speech will outline a plan to balance the need to restrain expenses while investing in a growing economy, to be compassionate while remaining competitive.

“It’s that fine balance in our civil society that makes Ontario such an attractive place to do business and why so many come and invest here,” Sousa said. “We’re going to balance by 2017-18.”


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