TORONTO, March 3, 2016 /CNW/ - According to FAO's commentary, the Province's fiscal plan continues to rely on relatively optimistic assumptions for revenue growth combined with aggressive plans to limit the growth in program spending. Maintaining balanced budgets beyond 2017-18 will likely prove challenging as new spending pressures emerge and revenue growth remains moderate. Click here for commentary.
Established by the Financial Accountability Officer Act, 2013 (the Act), the Financial Accountability Office (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. The FAO produces independent analysis on the initiative of the Financial Accountability Officer. Upon request from a member or committee of the Assembly, the Officer may also direct the FAO to undertake research to estimate the financial costs or financial benefits to the Province of any bill or other proposal over which the Legislature has jurisdiction. Visit the FAO website at www.fao-on.org
SOURCE Financial Accountability Office of Ontario
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For further information: Kismet Baun, 416-254-9232, firstname.lastname@example.org, Financial Accountability Office of Ontario, 2 Bloor Street West, Suite 900, Toronto, ON, M4W 3E2