Category : Budgets
Update on Ontario's Credit Rating
This report provides an update on Ontario’s credit rating amid the COVID-19 pandemic. All four principal international credit rating agencies have reaffirmed the province’s rating based on their assessment of the province’s economic and financial outlook and future risks.
Overview of Ontario's Borrowing Authority
This report provides an overview of the Government of Ontario’s borrowing authority, including the process of how borrowing occurs and the reporting responsibilities of the government with respect to its borrowing.
Economic and Budget Outlook, Spring 2020
This report shows that the partial shutdown of the Ontario economy due to the COVID-19 pandemic will deliver a severe blow to the province’s revenues, increase spending, and result in substantially higher deficits and debt.
Long-Term Budget Outlook: Fiscal Implications of the Government’s Program Reforms: 2020-2050
The report provides a forecast of Ontario’s economy and fiscal position through 2050, based on current fiscal policies.
Economic and Budget Outlook: Assessing Ontario’s Medium-Term Budget Plan
This report is an update on Ontario’s economic and budget outlook. The FAO projects Ontario’s budget deficit will increase to $8.5 billion in 2019-20, up from $7.4 billion last year.
Update on Ontario’s Credit Rating
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.
Understanding Ontario’s 2018-19 Deficit
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.
Assessing the Impact of an Economic Downturn on Ontario’s Finances
This report is a commentary that assesses the impact of an economic downturn on the government’s budget plan.
Economic and Budget Outlook, Spring 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.
Comparing Ontario's Fiscal Position with Other Provinces: 2017-18
This report is a commentary that provides an updated comparison of Ontario government revenue, spending, deficit and net debt with that of other provinces.
The Financial Accountability Office was established by the Financial Accountability Officer Act, 2013.
