Lieutenant Governor Frank Fagan delivered the speech from the throne this afternoon.
In the speech the Liberals took aim at the previous administration and placed the blame for the deficit on them.
The Provincial Government is employing a zero-based budgeting approach. No longer can departments assume their base budget will be automatically approved; under zero-based budgeting, departments have had to build their budgets up from scratch - justifying any continued investment in all areas of operations.
The provincial budget will be tabled next Thursday.
A full transcript from today's speech can be found here.