Publications

Economic and Budget Outlook: Assessing Ontario’s Medium-Term Budget Plan

This report provides an assessment of Ontario’s current economic outlook and the state of the provincial government’s finances.

Expenditure Monitor 2019-20: Q2

This report provides an update, as of the end of the second quarter (September 30, 2019), of spending by the Province for the 2019-20 fiscal year by budget sector, ministry, standard account and program. In addition, the report identifies in-year changes made to the initial 2019-20 government spending plan by program.

Expenditure Estimates: Ministry of Transportation

This report provides an assessment of the Ministry of Transportation’s 2019-20 Expenditure Estimates to support the Standing Committee on Estimates in its annual review of Ministries’ Expenditure Estimates

Long-Term Care Homes Program: A Review of the Plan to Create 15,000 New Long-Term Care Beds in Ontario

This report reviews the Province’s commitment to create 15,000 new long-term care beds. The report explains how long-term care is funded by the Province, estimates the cost of the long-term care bed expansion commitment, projects changes to the long-term care wait list and wait times, and discusses the potential impact on “hallway health care.”

Update on Ontario’s Credit Rating

This publication provides an update on Ontario’s credit rating. This update summarizes the opinions of the four major international credit rating agencies, based on their assessment of Ontario’s debt. These credit ratings represent the agencies’ opinions on the ability of Ontario to meet its debt-related financial obligations.

Understanding Ontario’s 2018-19 Deficit

This commentary examines Ontario’s 2018-19 budget deficit.

Expenditure Estimates 2019-20 : Ministry of Education

This report provides an assessment of the Ministry of Education’s 2019-20 Expenditure Estimates to support the Standing Committee on Estimates in its annual review of ministries’ Expenditure Estimates.

Child Care in Ontario: A Review of Ontario’s New Child Care Tax Credit and Implications for Ontario’s Labour Force

This report assesses the Ontario government’s new Childcare Access and Relief from Expenses (CARE) tax credit including the impact on the Province’s budget balance, the financial benefits it will provide to households, and its potential impact on Ontario’s labour market and broader economy.

Annual Report 2014-2015

The first annual report explains the work completed by the office since the FAO was appointed in March 2015.

Hydro One Information Request to the Ministries of Finance and Energy

The Financial Accountability Officer formally requested information from the Ministries of Finance and Energy to assist the FAO in analyzing the fiscal impact of the planned divestiture of up to 60 per cent of the Government of Ontario’s Hydro One equity holdings.

Test

This publication provides an update on Ontario’s credit rating. This update summarizes the opinions of the four major international credit rating agencies, based on their assessment of Ontario’s debt. These credit ratings represent the agencies’ opinions on the ability of Ontario to meet its debt-related financial obligations.

2018-19 Annual Report

The FAO’s 2018-19 annual report summarizes the FAO’s activities in support of all members of the Legislative Assembly undertaken during the 2018-19 fiscal year.

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

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

Expenditure Estimates 2019-20: Ministry of Health and Long-Term Care

This report provides an assessment of the Ministry of Health and Long-Term Care’s 2019-20 Expenditure Estimates to support the Standing Committee on Estimates in its annual review of ministries’ Expenditure Estimates.

Economic and Budget Outlook, Spring 2019

This report provides an assessment of Ontario’s current economic outlook and the state of the provincial government’s finances.

Comparing the LIFT Credit to a Minimum Wage Increase

This commentary compares the Low-income Individuals and Families Tax (LIFT) credit to the cancelled minimum wage increase from $14 per hour to $15 per hour. The commentary estimates the change to the Province’s budget balance and reviews the impacts to individuals and families.

Ontario Service Fees in 2018-19

This commentary presents a list of all service fees charged by the Province’s ministries and agencies, and identifies which service fee rates changed in 2018-19. The commentary also identifies the most commonly paid service fees, discusses the growth rate of service fee revenue, and examines how cost recovery rates have changed from 2017-18 to 2018-19 for a selection of service fee categories.

Ontario Health Sector: 2019 updated assessment of Ontario health spending

This report provides an updated financial assessment of the Province’s health sector and outlines the FAO’s medium-term projection for health spending in Ontario under current policies.