The 2011 Pre-Election Report on Ontario’s Finances is one of the requirements of the Fiscal Transparency and Accountability Act, which was passed by the legislature in 2004. The act supports increasing transparency in decision-making and accountability to the public. Ontario is the only jurisdiction in Canada that currently releases pre-election reports on its finances that are subject to review by the Auditor General.
The purpose of the Pre-Election Report is to give the public a clear understanding of the Province’s estimated future revenues and expenses and its resulting fiscal plan, in advance of the provincial election to be held on October 6, 2011.
The Auditor General is required to review the report to determine whether the fiscal plan is reasonable and to release a statement describing the results of his review.
The Auditor General is expected to release the results of his review in June.
The report can be seen at http://www.fin.gov.on.ca/en/publications/2011/pre-electionreport/