On July 19, The Financial Accountability Office of Ontario (FAO) released their Expenditure Monitor 2021-22 Q4 Report.
The FAO projects a provincial deficit of $8.1 Billion in 2021-2022.
This report provides information on spending by the Province through the end of the 2021-22 fiscal year, including:
- Changes to the spending plan
- Unaudited spending results
- An updated budget deficit projection and;
- Year-end status of the Province’s unallocated funds