Archive: 2022
Long-Term Budget Outlook
This report provides a projection of Ontario’s economy and fiscal position through 2050. The report assesses Ontario’s long-term fiscal sustainability, discusses factors that will affect the government’s program expenditures and revenue performance, and provides details on the FAO’s economic outlook including analysis of underlying demographic trends over the projection period.
Expenditure Monitor 2021-22: Q3
This report provides information on spending by the Province over the first three quarters of the 2021-22 fiscal year.
Ontario’s Labour Market in 2021
This report provides an update on Ontario’s labour market performance in 2021, highlights major challenges facing the province’s workers, and includes a brief overview of the impact of the COVID-19 Omicron variant on employment in January 2022.
Ontario's Energy and Electricity Subsidy Programs
This report examines the Province’s nine energy and electricity subsidy programs, estimates the cost of the programs over 20 years, and reviews how the programs affect the electricity bills of Ontario households and businesses. The report also identifies changes to the subsidy programs since the introduction of the Fair Hydro Plan in 2017 and estimates the cost of those changes. Finally, the report discusses how the Province plans to achieve its commitment to lower electricity bills by 12 per cent.
Budget Outlook Update
This report provides the FAO’s projection of the government’s fiscal position over the 2021-22 to 2023-24 period. The report compares the FAO’s outlook to the government’s plan presented in the 2021 Fall Economic Statement for budget balance, key debt measures, revenues and program spending.
The Financial Accountability Office was established by the Financial Accountability Officer Act, 2013.
