Outlook changed to stable
Province should benefit from a gradual strengthening in the U.S. economy
Weakening global economy cast doubt on province’s deficit reduction plans
Surtax on incomes over $500,000 will go to paying down provincial deficit
Streamlining of government will benefit businesses, pension holders, and taxpayers
Deficit expected to reach $260 billion next year
Debt forecast to hit nearly $11 billion
Province plans to further enhance the effectiveness of insurance sector regulation
Budget will take steps to address the cost of public sector pensions
Planned increases to the Ontario Child Benefit will be delayed