FAO Expenditure Report on Deficit

  • Provincial News

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

Read More…