Ontario Chamber of Commerce calls on Province to 'Get Back to Fiscal Balance'
TORONTO , Feb. 18, 2016 /CNW/ – Today, the Ontario Chamber of Commerce (OCC) released its2016 Ontario Pre-Budget Submission, which outlines key priorities that address the need to eliminate the deficit and establish some much needed regulatory reforms. According to the most recent OCC membership survey, 92 percent of Ontario businesses believe it is important that the government meet its deficit elimination target by 2017-18.
“Eliminating the deficit and reducing the debt should be the government’s top priority,” said Allan O’Dette , President & CEO of the Ontario Chamber of Commerce. “The provincial debt is now roughly $300 billion – interest payments on that debt are consuming an ever greater portion of the provincial spend. To ensure Ontario’s future competitiveness, we need to get back to fiscal balance.”
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