Financial Accountability Office Of Ontario

• Ontario government sets aside $22 billion in ‘excess funds’: watchdog

  The province's financial watchdog released a long-term spending forecast, based on the government's own figures, and uncovered a growing pool of unallocated taxpayer dollars.

  Politics

  Jun 13
  
• Ontario’s economy to slow sharply, but rebound next year: fiscal watchdog

  The Financial Accountability Office of Ontario says the province's economic growth is expected to slow sharply this year with a modest recovery beginning next year.

  Economy

  Feb 7
  
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• Ontario economy on a ‘knife’s edge’ while government programs face underfunding, FAO says

  Financial Accountability Officer Peter Weltman said Ontario's economy is projected to slow down amid high interest rates and cautious consumer spending.

  Economy

  Oct 27, 2022
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• As child care expands in Ontario, advocates wonder who will staff those spaces

  With 71,000 new spaces promised as part of the deal, the sector wonders who will staff all those new rooms if centres are already having trouble keeping their doors open.

  Canada

  Oct 8, 2022
• Courts overturning Bill 124 may cost Ontario $8 billion-plus, report says

  A coalition of more than 40 Ontario unions, representing around 270,000 public workers, took the Ontario government to court over Bill 124.

  Economy

  Sep 28, 2022
• Emergency rooms in northeast Ontario bending but not breaking

  Nursing groups, hospital executives and advocates have said that burnout and not being properly compensated have caused people to leave the profession in droves.

  Health

  Aug 6, 2022
• Ontario fiscal watchdog projects smaller budget deficits than government

  Ontario's fiscal watchdog is predicting smaller budget deficits over the next few years compared to those in the government's latest economic update.

  Politics

  Feb 8, 2022
• Ontario’s hydro subsidy for industrial, commercial businesses to cost estimated $15.2B by 2040: FAO

  The province also said the program would subsidize the high cost of green energy contracts and lessen the impact they have on business ratepayers.

  Politics

  Mar 18, 2021
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• Ontario government spent $3.5B less than planned in last fiscal year, watchdog says

  In a report released Tuesday, the Financial Accountability Office of Ontario compares the Progressive Conservative government's budget projections for 2019-2020, changes made after the budget was tabled, with its actual spending.

  Economy

  Jul 28, 2020
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• Ontario’s financial watchdog says deficit ‘was never $15 billion’ as Doug Ford previously claimed 

  "Policy decisions by both the current and previous governments contributed to the slow increase in revenues as well as the rise in spending last year."

  Politics

  Oct 17, 2019