Tag Archives: Financial Accountability Office of Ontario

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 …

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 …