The 2007 Pre-Election Report is Ontario's first. Its purpose is to outline the Province's projected revenues and expenses, and other details of its fiscal planning before the provincial election that will be held on October 10, 2007.
This is the result of the Fiscal Transparency and Accountability Act (FTTA) that was passed in December 2004. Under the Act, the Ministry of Finance must release a Pre-Election Report on Ontario's finances prior to every provincial election.
The Auditor General of Ontario is required to review the report to determine whether it is reasonable and to release a statement describing the results of his review. The Auditor General's review was released on June 18, 2007.