TORONTO, March 25 /CNW/ - With Ontario's economy at a crossroads, the
McGuinty government was wise to present a prudent budget for the coming year,
said Merv Hillier, President and CEO of the Certified Management Accountants
of Ontario (CMA Ontario).
"The government has clearly taken the current warning signs seriously in
drafting the budget. It is refreshing to see the province adopt a prudent and
strategic approach to fostering economic growth, rather than a reckless
attempt by the government to try and spend its way to better economic
conditions," Hillier stated.
Ontario's CMAs know better than anyone that the art of successful
budgeting goes well beyond the act of making sure the numbers add up. By
maintaining a balanced budget, while at the same time making new investments
in both Ontario's hard and soft infrastructure, the budget sets out to improve
Ontario's competitiveness, innovation and economic diversification -
priorities articulated by CMA Ontario and its members during pre-budget
consultations, Hillier noted.
"Ontario's economy is in a state of transition, with a growing service
sector and a contracting manufacturing base. These changes underlie the
importance of new investments in Ontario's knowledge economy, especially in
the area of higher education and skills training."
"In addition, Ontario's business community will be pleased to see the
business tax cuts, reduction of the regulatory burden, and enhanced controls
on government expenditure," Hillier concluded.
About the Certified Management Accountants of Ontario (CMA Ontario)
The Certified Management Accountants of Ontario is a self-governing
professional organization that awards the Certified Management Accountant
(CMA) designation to qualified candidates in Ontario. With 16,000 certified
members and 4,000 student members, CMA Ontario is an integral part of a
profession that is 47,000 members strong across Canada and around the world.
CMA Ontario maintains rigorous standards of accreditation and professionalism
in management accounting to protect the public interest.
For further information:
For further information: Sharon Armstrong, Vice President, Marketing and
Communications, CMA Ontario, Direct: (416) 204-3118, Cell: (416) 567-8773,