Financial Accountability Officer

• Ontario loses 38,000 jobs as U.S. tariffs hit manufacturing sector

  A new report published by the Financial Accountability Officer of Ontario found employment had dropped by 38,000 jobs in the province during the second quarter of the year.

  Economy

  Aug 21, 2025
  
• Ontario projected to balance budget due to Ford government underspending: watchdog

  While the government planned to spend $198 billion in 2022-23, the FAO said the province's year-end numbers show $187 billion actually left the Queen's Park bank account.

  Politics

  Aug 2, 2023
  
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• Bill 124 retroactive pay costs Ontario government nearly $1B

  In a new report, Ontario's Financial Accountability Officer said the cost of retroactive payments to nurses would be approximately $900 million.

  Health

  May 31, 2023
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• Ford government health care plans fail to meet capacity, staffing needs, FAO finds

  An analysis of the Ford government's health-care spending plans has found the province will need tens of thousands of new staff, while hospital demand will still outstrip capacity.

  Health

  Mar 8, 2023
• 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
• Suppressed public sector wages could hurt quality of Ontario services, FAO warns

  Pay for Ontario public servants, including nurses and teachers, has lagged behind inflation and historical averages. Now, one independent body says it could hurt public services.

  Economy

  Sep 28, 2022
• Guelph’s employment in 2021 returned to pre-pandemic level, FAO report shows

  A report released on Wednesday from Ontario’s financial accountability officer shows Guelph’s employment in 2021 returned to levels seen prior to the COVID-19 pandemic.

  Economy

  Feb 23, 2022
• Ontario’s labour market rebounds to pre-pandemic levels but recovery uneven: report

  Ontario's financial watchdog says that overall, the province's labour market has rebounded to pre-pandemic levels, but the recovery has been uneven across sectors and regions.

  Economy

  Feb 23, 2022
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• Ontario fiscal watchdog says province 2 years behind goal of 15,000 new LTC beds by 2024

  The Financial Accountability Office says the new report is based on the province's 2021-22 expenditure estimates.

  Health

  May 26, 2021
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• Coronavirus: Ontario loses 355,000 jobs in 2020, single largest decline on record: FAO

  The hardest hit sector was accommodation and food services, with over 110,000 job losses.

  Economy

  Feb 18, 2021