Skip to content
Facebook Twitter LinkedIn Youtube
occ-logo
  • Rapid tests available for small business!
  • COVID-19
    • Pandemic Preparedness Toolkit
    • Frequently Asked Questions
    • Webinars
    • Our Advocacy
    • COVID-19 Policy Brief Series
    • SME Difference Makers
    • Work From Home
    • Mental Health Resources
    • How to Protect Yourself
    • Talk To Us
    • #DifferenceMakers
  • Advocacy
    • Blueprint To Bolster Ontario’s Prosperity
    • COVID-19 Policy Brief Series
    • Ontario Climate Action Series
    • Ontario Economic Report
    • Our Publications
    • Vote Prosperity
  • Councils
  • Events
    • Advocacy Day
    • Annual General Meeting
    • Ontario Business Advisory Council
    • Ontario Business Achievement Awards
    • Ontario Economic Summit
  • Webinars
  • Programs
    • Grow Your Business Online
    • Talent Opportunities Program
    • Discover Ability Network
    • Canada United Small Business Relief Fund
    • Export and Trade
  • Membership
    • Affinity Programs
  • News
    • Media Releases
    • Policy Updates
    • Blogs
  • About
    • Contact
    • Board of Directors
    • Staff
    • Employment
    • Strategic Plan
Asset 6
x
x
  • Rapid tests available for small business!
  • COVID-19
    • Pandemic Preparedness Toolkit
    • Frequently Asked Questions
    • Webinars
    • Our Advocacy
    • COVID-19 Policy Brief Series
    • SME Difference Makers
    • Work From Home
    • Mental Health Resources
    • How to Protect Yourself
    • Talk To Us
    • #DifferenceMakers
  • Advocacy
    • Blueprint To Bolster Ontario’s Prosperity
    • COVID-19 Policy Brief Series
    • Ontario Climate Action Series
    • Ontario Economic Report
    • Our Publications
    • Vote Prosperity
  • Councils
  • Events
    • Advocacy Day
    • Annual General Meeting
    • Ontario Business Advisory Council
    • Ontario Business Achievement Awards
    • Ontario Economic Summit
  • Webinars
  • Programs
    • Grow Your Business Online
    • Talent Opportunities Program
    • Discover Ability Network
    • Canada United Small Business Relief Fund
    • Export and Trade
  • Membership
    • Affinity Programs
  • News
    • Media Releases
    • Policy Updates
    • Blogs
  • About
    • Contact
    • Board of Directors
    • Staff
    • Employment
    • Strategic Plan
search_White

Chamber: We need a plan for fiscal balance

COVID-19 Information COVID-19 Resources
Tools and Resources Pandemic Preparedness Toolkit Frequently Asked Questions Webinars Our Advocacy Policy Brief Series SME Difference Makers Government News Work From Home Mental Health Resources How to Protect Yourself Talk To Us #DifferenceMakers
Become a Member
Become a Member >
Facebook Twitter LinkedIn Youtube

Media Release

Chamber: We need a plan for fiscal balance

May 25, 2022

(TORONTO- May 25, 2022) –Today, Rocco Rossi, President and CEO, Ontario Chamber of Commerce (OCC) released the following statement calling on all parties to introduce their plans for fiscal balance:

“The continued challenges of COVID-19 have necessitated significant government spending to support businesses and individuals, resulting in a significantly larger provincial budget deficit and debt level. Ontario continues to face high inflation and supply chain challenges and while increasing interest rates are intended to curb inflation, it also means borrowing costs are higher for both governments and businesses. The Province needs to have a transparent debt management strategy that balances the short-term needs with equally important long-term investments that will support economic growth and productivity.

“While support for those in the hardest-hit sectors should remain a priority, policies that improve economic efficiencies in Ontario’s public sector must be explored. The OCC encourages Ontario’s next government to adopt value-based procurement and alternative service delivery, continue to digitize government services, reduce administrative burdens, pursue lost revenue from untaxed and illegal economic activity, and adopt a formal policy on asset recycling.

“These measures will improve value for public spending, encourage innovation, and support  sustained economic growth.”

-30-

About the Ontario Chamber of Commerce
For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan, indispensable partner of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members.

For more information or to arrange an interview:


Andrea Carmona
Manager, Public Affairs
andreacarmona@occ.ca | Mobile: (647) 234-0255


Backgrounder: Vote Prosperity

As outlined in OCC’s election priorities document,  Vote Prosperity, parties should be focused on policies that result in more prosperous communities, improved business confidence, high-quality jobs, and a more resilient economy. This requires:

  • Boosting confidence and predictability by modernizing regulation, committing to meaningful consultations, and developing a long-term plan to tackle Ontario’s debt without increasing taxes or cutting valuable programs and services.
  • Implementing pro-growth policies through helping businesses access the capital, markets, and talent they need to grow.
  • Building resilient communities by bolstering health care capacity, addressing climate change, and bridging our infrastructure gaps, including housing.
  • Supporting entrepreneurship and innovation with targeted supports and a bold approach on technology adoption and data innovation.

The recommendations outlined in OCC’s Vote Prosperity were developed together with businesses, associations, post-secondary institutions, as well as chambers of commerce and boards of trade from across the province.

As the indispensable partner of business, we look forward to putting our members’ issues front and centre this election. To ensure the next provincial election addresses the most important issues, we have developed Vote Prosperity. Read the full plan.

 

Previous

Open letter to Ontario’s 43rd Parliament: We need a comprehensive plan to rebuild Ontario’s healthcare system

Next

Climate policies critical to business confidence this election

Follow Us

Facebook Twitter LinkedIn Youtube

Site Nav

  • Advocacy
  • Events
  • Programs
  • Membership
  • News
  • About
  • Contact

Receive Updates

Subscribe to our mailing list and stay up to date on everything with the Ontario Chamber of Commerce

Subscribe Now
PREMIER MEMBERS
TELUS SNC Lavalin Ontario Power Generation Hydro One CPAO Bell BDO Canada RBC Royal Bank Ontario Real Estate Association Medavie Blue Cross Primerica CN Desjardins PwC McCarthy Tetrault Coca-Cola Canada Meridian Credit Union Uber BMO Bank of Montreal Bruce Power Air Canada Power Corporation of Canada Boehringer Ingelheim Eli Lilly Greater Toronto Airports Authority Aecon Enbridge Rogers Google WSIB Ontario Waste Connections of Canada Cogeco Omers Labatt Arcelor Mittal IBC GSK LiUNA ICG Northeastern University Fire and Flower Golfdale Consulting The Stratagem Group TLN Media Group 407 ETR Concession Company Ltd. Accerta Rothmans, Benson and Hedges (RBH) Grasshopper AstraZeneca Bio Marin Pharmaceutical Birch Hill Equity Partners Board of Canadian Registered Safety Professionals CF Industries Cisco Systems Canada Club Link Corporation Innovative Medicines Canada Magna Carta International Pfizer Canada Inc. Service Now The Canada Life Assurance Company Northbridge Consulting Insurance MNP Takeda TC Energy Destination Nothern Ontario Interac Corp. DoorDash Staffy Microsoft Cadillac Fairview Meta Beer Canada Shopify Inc

Ontario Chamber of Commerce © 2023 | Privacy Policy | Service Standard | Employment Opportunities
The OCC is an accredited chamber of commerce