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Category : Budgets

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Understanding Ontario’s 2018-19 Deficit

Understanding Ontario’s 2018-19 Deficit

Oct 17, 2019

This report is a commentary that explains why Ontario’s deficit doubled from $3.7 billion in 2017-18 to $7.4 billion in 2018-19.

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Assessing the Impact of an Economic Downturn on Ontario’s Finances

Assessing the Impact of an Economic Downturn on Ontario’s Finances

Jun 25, 2019

This report is a commentary that assesses the impact of an economic downturn on the government’s budget plan.

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Economic and Budget Outlook, Spring 2019

Economic and Budget Outlook, Spring 2019

May 22, 2019

Based on the FAO’s outlook for slower economic and revenue growth, and incorporating the government’s spending plans, the FAO projects Ontario’s budget deficit would decrease to $10.8 billion in 2019-20, down modestly from $11.7 billion in 2018-19.

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Comparing Ontario's Fiscal Position with Other Provinces: 2017-18

Comparing Ontario's Fiscal Position with Other Provinces: 2017-18

Feb 14, 2019

This report is a commentary that provides an updated comparison of Ontario government revenue, spending, deficit and net debt with that of other provinces.

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Economic and Budget Outlook, Fall 2018

Economic and Budget Outlook, Fall 2018

Dec 10, 2018

The Fall 2018 Economic and Budget Outlook provides the FAO’s latest economic forecast and an updated assessment of the Province’s fiscal outlook.

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Update on Ontario’s Credit Rating

Update on Ontario’s Credit Rating

Sep 18, 2018

This is an update on Ontario’s credit rating, which is determined by four major international credit rating agencies, based on their assessments of the province’s economic and financial outlook.

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Economic and Budget Outlook, Spring 2018

Economic and Budget Outlook, Spring 2018

May 2, 2018

This report provides the FAO’s latest assessment of Ontario’s economy and the government’s fiscal outlook.

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Economic and Fiscal Outlook, Fall 2017 Update

Economic and Fiscal Outlook, Fall 2017 Update

Dec 11, 2017

This report provides the FAO’s latest economic forecast and an updated assessment of the Province’s fiscal outlook.

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Long-term Budget Outlook 2017

Long-term Budget Outlook 2017

Oct 19, 2017

This report provides a projection of Ontario’s fiscal position to 2050.

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Ontario’s Debt Reduction Commitment Based on Unlikely Assumptions

Ontario’s Debt Reduction Commitment Based on Unlikely Assumptions

Sep 6, 2017

In this report, the FAO projects that Ontario’s net debt will increase by $76 billion over the next five years to approximately $392 billion in 2021-22.

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The Financial Accountability Office was established by the Financial Accountability Officer Act, 2013.

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