Category : Media Releases
FAO says Balanced Budget Achievable for Province in 2017-18 but Predicts Significant Future Deterioration
May 18, 2016
Stephen LeClair, Ontario’s Financial Accountability Officer says that according to the FAO’s projections there will be a small deficit of $600 million in 2017-18 but given the flexibility built into the fiscal plan, “the Province should be able to achieve its commitment of balancing the budget in 2017-18.” However, LeClair says that “maintaining balanced budgets in Ontario will be an on-going challenge.”
The Financial Accountability Office was established by the Financial Accountability Officer Act, 2013.
