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Ontario’s financial watchdog is repeating warnings that the province’s roads, hospitals and other infrastructure are vulnerable to the high costs of climate change if significant changes are not made. The Financial Accountability Office of Ontario (FAO) released a report Wednesday outlining how the province could need to spend billions of …
Read More »Ontario government sets aside $22 billion in ‘excess funds’: watchdog
Ontario’s Progressive Conservative government is sitting on more than $22 billion in “excess funds,” according to the province’s watchdog, with no transparency on how that money will be used over the next four years. The province’s independent Financial Accountability Office (FAO) released a long-term spending forecast, based on the government’s …
Read More »Ontario has $4 billion more for health care than needed for current programs: FAO
By Staff The Canadian Press Posted May 31, 2023 11:25 am Descrease article font size Increase article font size Ontario’s fiscal watchdog says the province has $4.4 billion more allocated to health-care than what’s needed to fund current programs and commitments made until 2026. The Financial Accountability Office of Ontario …
Read More »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. The FAO’s economic and budget outlook report projects a deficit of $2.5 billion in 2022-2023, but says that will improve to billion-dollar surpluses through the …
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