Under spending by billions.
The Doug Ford government has reportedly underspent by $5.5 billion this fiscal year that wraps up at the end of March.
The Financial Accountability Office that oversees government wallets, reported that the province spent $119.9 billion over the first three quarters of the 2021-22 fiscal year, which works out to be $5.5 billion less than planned.
When broken down even further, there was less spending from April to December and that health care had $1.3 billion that wasn’t spent in the allocated funds.
The financial watchdog also noted that there is over three billion dollars still available for a limited time in the Contingency and Time Limited Covid 19 funds.
Also included in their report was their prediction that spending will increase in the fourth quarter;
…expects that the pace of spending will increase due to the impact of the Omicron wave of the COVID-19 pandemic on the health sector and the introduction of new fourth quarter spending programs.
A full breakdown from the FAO can be read here.
