Newmarket-Aurora - MP Lois Brown welcomed Budget 2010 for its focus on job creation, economic growth in support of Canada’s economic recovery and disciplined long-term plan to return to balanced budgets.

“Our Government presented a jobs and growth budget,” said MP Brown. “We are looking to create jobs now, while securing our economic advantage leading out of the recession for the future.”

The budget plan has three key objectives.

First, it confirms $19 billion in new federal stimulus under the second year of Canada’s Economic Action Plan.

Second, it invests in a limited number of new, targeted initiatives to build jobs and growth for the economy of tomorrow, harness Canadian innovation and make Canada a destination of choice for new business investment.

Third, it outlines a three-point plan for returning to budget balance once the economy has recovered. This includes ending the temporary stimulus measures as promised, restraining growth in spending through targeted measures and additional restraint through an in-depth review of administrative functions and overhead costs.

The Government has also made it clear that it will not raise taxes or reduce transfers to the provinces. Ontario will continue to receive increased federal support through Budget 2010. Total transfers will reach $18.8 billion in 2010-11, an increase of $801 million from last year and $6.9 billion more than under the previous Liberal government.

“As a nation that has come through the global recession in much better shape than the rest of the industrialized world, we clearly have a plan that works,” said MP Brown.

More information on Budget 2010 can be found at www.budget.gc.ca