The government's sound leadership and prudent fiscal management have resulted in a steady improvement from the inherited Cdn$5.5 billion deficit in 2003–04 to the Cdn$2.3 billion surplus recorded in 2006–07. Total revenue in 2007-08 is currently projected at Cdn$94.1 billion and the total expense outlook at Cdn$93.35 billion.
Measures announced in the 2007 Ontario Economic Outlook and Fiscal Review will boost Ontario’s ability to compete in the global economy by enhancing competitiveness through immediate tax reductions; investing in people and communities and investing in infrastructure
