Skip to content
Facebook Twitter LinkedIn Youtube
Ontario chamber of commerce logo.
  • Advocacy
    • Campaign Trail & Advocacy Updates – 2025 Federal Election
    • Ontario Competes
    • Our Publications
    • Ontario Economic Report
    • Ontario’s Mining Future 2030
    • Artificial Intelligence Hub
    • Economic Reconciliation Initiative
    • Housing Affordability Initiative
    • Policy Brief Series
  • Councils
  • Events
    • Advocacy Day
    • Annual General Meeting
    • Ontario Business Achievement Awards
    • Ontario Business Advisory Council
    • Ontario Economic Summit
    • Smart Growth Symposium
    • 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
A magnifying glass icon on a white background.
x
x
  • Advocacy
    • Campaign Trail & Advocacy Updates – 2025 Federal Election
    • Ontario Competes
    • Our Publications
    • Ontario Economic Report
    • Ontario’s Mining Future 2030
    • Artificial Intelligence Hub
    • Economic Reconciliation Initiative
    • Housing Affordability Initiative
    • Policy Brief Series
  • Councils
  • Events
    • Advocacy Day
    • Annual General Meeting
    • Ontario Business Achievement Awards
    • Ontario Business Advisory Council
    • Ontario Economic Summit
    • Smart Growth Symposium
    • 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
A man is riding a bike on a hill.

Chamber: We need a plan for fiscal balance

COVID-19 Information Tariff Resources
Navigating U.S. Tariffs
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
A purple and green logo on a black background. Atkins reals logo on a white background. A green logo on a black background. A teal color with a white background. A blue and green logo with a cross in the middle. A blue bell logo on a white background. Rbc bank of canada logo. A blue and white logo with a black background. A blue and gray logo with a blue and gray background. Rr america logo on a black background. The cn logo on a black background. A logo with a red, orange, and yellow background. Mccarthy tetrault logo on an orange background. The meridian logo on a black background. A black and white photo of a man and a woman. A blue and red logo with the word mcdonald's. Bruce power innovation at work logo. A red and black logo on a black background. The logo for the ontario medical association. The power corporation of canada logo. The lily logo on a black background. A colorful logo with the word mcdonald's on it. A black and yellow logo with a yellow arrow. Waste Connections of Canada A blue logo with the word cogeco on it. A blue and orange logo with the number 5 on it. The canadian maple leaf logo on a black background. A logo with an orange and black background. A logo with a red and gray background. The university of cleveland college of business and economics logo. The logo for luna feel the power. A red and black logo on a black background. The logo for strategim. Tln media group logo. 404 etr express rail route logo. The logo for accerta on a black background. The logo for rothman, beshish & hedges, inc. The logo for astrezeca. Biomarin logo on a black background. A logo with the letter a on it. The logo for the board of canadian registered safety professionals. A blue and white logo with a blue background. Magna logo on a black background. Pfizer logo Canada life logo on a black background. Northbridge insurance logo on a black background. A green logo with the word mnp. Tc energy logo on a white background. Destination northern ontario logo. The interac logo with a hand on it. A thin red line on a black background. The cadillac fairview logo. Meta logo. Beer canada logo on a white background. The logo for port montreal. The federation of rental housing providers of ontario logo. The logo for bennett jones. Agnico eagle logo. Leger 360

Ontario Chamber of Commerce © 2025 | Privacy Policy | Service Standard | Employment Opportunities
The OCC is an accredited chamber of commerce