Finance
June 2, 2010
Provincial Government Moves Forward With Significant Budget Investments
Budget 2010: The Right Investments - For
Our Children and Our Future, further enhances the commitment by the
Provincial Government to continue its substantial investments in
economic stimulus, healthcare and education. The House of Assembly has
voted on and passed the funding initiatives identified in Budget 2010.
�I�m pleased to see the investments put forward by the Williams
Government moving ahead,� said the Honourable Tom Marshall, Minister of
Finance and President of Treasury Board. �Following a thorough debate,
Budget 2010 has passed. These investments continue stimulus measures
across the province and work to further diversify our economy. This is a
budget that builds upon plans put in place by our government to create a
prosperous future for people in all regions of this province.�
Highlights of Budget 2010 include:
- A $1 billion infrastructure program,
with the Provincial Government�s infrastructure strategy valued at
more than $5 billion over the next several years;
- $2.7 billion for health and
community services, including investments to advance health and
wellness for children and youth;
- New tax measures to benefit seniors,
small business and others, putting approximately $49 million back
into the pockets of residents;
- $1.3 billion in education spending
to further ensure quality programming and learning environments for
students throughout Newfoundland and Labrador;
- $167 million for the further
development of the Department of Child, Youth and Family Services;
- $134 million for the fight against
poverty through the Poverty Reduction Strategy, continuing progress
toward the goal of becoming the province with the lowest poverty
rates in Canada; and,
- More than $158 million in Labrador
through the Northern Strategic Plan, furthering record investments
to foster a bright and prosperous future for Labrador.
�As the world economy continues to
recover from the recession, these investments and stimulus measures will
help keep the momentum in this province moving forward,� said Minister
Marshall. �It is responsible government to ensure we continue to provide
funding for programs and services as well as further stimulate the
economy while other jurisdictions look to bring stability to their
economies.�
For additional information on Budget 2010: The Right Investments - For
Our Children and Our Future, visit
www.gov.nl.ca/budget2010/
- 30 -
Media contact:
Ronalda Walsh
Director of Communications
Department of Finance
709-729-6830, 685-1741
ronaldawalsh@gov.nl.ca
2010 06 02
9:40 a.m. |