Ontario’s Financial Accountability Office (FAO) provides the Legislative Assembly of Ontario with independent analysis on the state of the Province's finances and trends in the provincial economy, and on bills and other proposals to support the Assembly’s performance of its constitutional responsibility.
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Latest News and Publications
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Jul 13, 2017The FAO’s 2016-17 annual report describes the FAO’s activities in support of the Legislative Assembly’s performance of its constitutional functions, especially financial scrutiny, and discusses the FAO’s improved access to government information.
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May 31, 2017The FAO’s Economic and Fiscal Outlook provides an assessment of Ontario’s current economic outlook and the state of the provincial government’s finances.
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May 24, 2017This report analyzes the impact of Ontario’s Fair Hydro Plan on electricity ratepayers and Provincial finances over the next 29 years. Overall, the FAO estimates that Ontario’s Fair Hydro Plan will cost the Province $45 billion and provide $24 billion in savings to electricity ratepayers - for a total net cost to Ontarians of $21 billion.
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Commentaries
Backgrounders
The Financial Accountability Office was established in September 2013 by the Financial Accountability Officer Act, 2013. Stephen LeClair was appointed as Ontario’s first Financial Accountability Officer in February 2015 for an initial five year term.