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Toronto, May 20 (Canadian-Media): The Ontario government in Canada had predicted creation of an addition of 94,000 new jobs in 2017 which would lead to upsurge in employment rate by 1.3 percent, a press release reports said.
Since 2001, Ontario had seen the lowest unemployment rate of 5.8 percent in April.
Last month Ontario's Liberal government presented a $141-billion budget promising to invest billions of new dollars into health care.
The "balanced" budget was approved this week, and the government said this would support a stronger, healthier Ontario. This included, starting in January 2018, considerable investments in health care and education, including free prescription medications for everyone aged 24 and under through Ontario Health Insurance Plan (OHIP) and Children and Youth Pharmacare.
The 2017 "Balanced Budget" is part of the government's plan to invest in people, communities and businesses across the province with am to help strengthen Ontario's economy to create jobs, and help people in their everyday lives.
A balanced budget ensures access to more funding for the programs and services for the people, the government said.
“Ontario’s balanced budget is more than just the bottom line number, it’s about creating more opportunities and providing greater support for people. This balanced budget makes crucial investments in hospitals, schools, public transit, roads and bridges across the province. Our plan continues to bolster Ontario’s strong reputation as a driver of progressive policy and a leader in economic growth," said Charles Sousa, Provincial Minister of Finance.
The government is investing of more than $190 billion, the largest infrastructure investment, over the 13-year period starting in 2014–15, in the province’s history. This would help in building new child care spaces, schools, hospitals, public transit, highways and roads.
There has been a considerable increase in exports and business investments and as a result unemployment rate continues to decline, claimed the government.
The province has launched a new Career Kick-Start Strategy, as part of the current budget, and plans to create 40,000 new work-related opportunities to help students and recent graduates to have the necessary experience help land a good job.
The growth of Ontario's real Gross Domestic Product (GDP), over the last three years, supported by the government's strategic investments, has surpassed that of all G7 countries.
To reduce wait times, improve access to care and faster recovery of patients, our government is increasing health care funding by $11.5 billion over three years.
In the field of education also, an additional $6.4 billion over three years being invested to help learners reach their full potential by supporting from kindergarten right through the postsecondary education.
The present budget would facilitate 100,000 more children to access affordable, quality licensed child care in addition 24,000, allocated in 2017-18, it said.
Beginning this summer, there would be a reduction of the household electricity bills by 25 percent on average, implied by the current budget, and will hold rate increases to inflation for four years, said the government.
Besides large investment in hospitals, schools, roads, bridges and other public infrastructure in Ontario's history, the budget would also ensure more affordable housing for homebuyers and renters through Ontario's Fair Housing Plan, the government claimed.
(Reporting by Asha Bajaj)
Image of Charles Sousa: Twitter