TORONTO, February 17, 2026 – On Thursday, February 19, 2026, the Financial Accountability Office of Ontario (FAO) will release a report that examines the FAO’s projections for the 2024-25 fiscal year for Ontario’s budget balance, revenue and spending compared to the actual results published in the Public Accounts of Ontario. The report will also review the FAO’s historical forecast accuracy since 2016-17.
The report will be posted on the FAO website www.fao-on.org at 8:00 a.m.
Interested media are invited to attend a media briefing at 10:00 a.m. virtually on Microsoft Teams. Please contact Sophia Zhu at SZhu@fao-on.org or 416 931 5498 for log-in and password information.
Following the briefing, Ontario’s Financial Accountability Officer, Jeffrey Novak, will be available to respond to media questions.
About the FAO
Under 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. Visit our website and follow us on X and LinkedIn.
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For further information, please contact:
Sophia Zhu l 416 931 5498 l SZhu@fao-on.org l fao-on.org