About the FAO
Established by the Financial Accountability Officer Act, 2013, the Financial Accountability Office of Ontario (FAO) provides independent analysis on the state of the Province’s finances, trends in the provincial economy and related matters important to the Legislative Assembly of Ontario.
Mission Statement
To support the Legislative Assembly by providing members and committees with independent, authoritative, accessible and timely financial and economic analysis.
How we work
On the initiative of the Financial Accountability Officer, the FAO provides independent analysis to the Legislative Assembly about the state of Ontario’s finances, including the budget, and trends in the provincial and national economies. Upon request from a Member of Provincial Parliament (MPP) or committee of the Assembly, the Financial Accountability Officer may also direct the FAO to research:
- The Province’s finances and the economy;
- The Expenditure Estimates submitted to the Legislature; or
- The financial costs or financial benefits to the Province of any public bill or proposal, including any proposal made by the Government or any MPP.
To learn more about the work of the FAO, read our Annual Reports.