TORONTO - The Liberals are promising big spending as well as restraint in a throne speech that lays out their agenda for the next decade and beyond.

They're promising to be fiscally responsible by curbing spending to meet their goal of eliminating the $12.5-billion deficit in three years.

But they also plan to spend $130 billion on public infrastructure over 10 years as well as other measures to help grow Ontario's economy.

The speech, written by the Liberals but read by Lt.-Gov. David Onley, says the government will also invest in education, skills training and corporate grants to boost the province's economic potential.

But they cautioned there's no money for wage increases in the broader public sector as new contract talks loom on the horizon.

They say voters gave them the green light when they returned them to power with a majority of seats in the legislature.