Ontario financial watchdog says the province is underspending on health

Report released Monday by the Financial Accountability Office projects a $5-billion shortfall in health care expenditure and $1.1-billion less than required for the education sector

Financial Accountability Officer Peter Weltman said overall spending is expected to be lower over the next three years than the province initially planned, as $12.5-billion set aside isn’t needed to deliver existing programs. This is largely attributable to contingency funds, which he said are bigger than usual. Typically around $1-billion, the government allocated $3.5-billion in its contingency funds this fiscal year.

Sheila Block, senior economist for the Canadian Centre for Policy Alternatives, said the projected underfunding in health care and education is “deeply disturbing” when the government has a significant amount of money that can cover the shortfalls. Responding to the FAO report, Ontario’s Ministry of Finance defended the spending plans, pointing to an overall spending increase of $7.9-billion from the previous fiscal year, including more in both the health care and education sectors.

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