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Interesting that Ford found $4.4 Billion for healthcare, details here:
#Ontario Health Sector: 2023 Budget Spending Plan Review
This report reviews the Province’s health sector spending plan in the 2023 Ontario Budget and the /1
#Ontario Health Sector: 2023 Budget Spending Plan Review
This report reviews the Province’s health sector spending plan in the 2023 Ontario Budget and the /1
/2
2023-24 Expenditure Estimates. Health sector spending includes the combined spending by the Ministries of Health and Long-Term Care.
Health Sector Spending Outlook
Based on the FAO’s estimate of the cost of current health sector programs and announced commitments,
2023-24 Expenditure Estimates. Health sector spending includes the combined spending by the Ministries of Health and Long-Term Care.
Health Sector Spending Outlook
Based on the FAO’s estimate of the cost of current health sector programs and announced commitments,
/3 the FAO projects that health sector spending will grow at an average annual rate of 3.4 per cent between 2021-22 and 2025-26, reaching $86.7 billion in 2025-26.
In comparison, the funding allocated by the Province in the 2023 Ontario Budget grows at a higher average
In comparison, the funding allocated by the Province in the 2023 Ontario Budget grows at a higher average
/4 annual rate of 3.7 per cent, reaching $87.6 billion by 2025-26.Overall, the FAO estimates that the
***Province has allocated a total of $4.4 billion more than what is necessary to fund existing programs and announced commitments from 2022-23 to 2025-26.
***Province has allocated a total of $4.4 billion more than what is necessary to fund existing programs and announced commitments from 2022-23 to 2025-26.
/5 This $4.4 billion in excess funds consists of $1.3 billion in 2022-23, $0.4 billion in 2023-24, $1.8 billion in 2024-25 and $0.9 billion in 2025-26.
What Has Changed Since the FAO’s Last Outlook?
The FAO’s estimate that the Province has allocated $4.4 billion in excess
What Has Changed Since the FAO’s Last Outlook?
The FAO’s estimate that the Province has allocated $4.4 billion in excess
/6 funds between 2022-23 and 2025-26 is a significant change from the FAO’s previous estimate of a $10.0 billion funding shortfall over the same period.
***This reversal is due to $15.2 billion in new funding added to the Province’s health sector spending plan in the 2023
***This reversal is due to $15.2 billion in new funding added to the Province’s health sector spending plan in the 2023
/7 Ontario Budget.
Of the $15.2 billion in new health sector funding added in the 2023 budget, the FAO estimates that:$9.4 billion is required to address the funding shortfall for existing programs and announced commitments; $0.9 billion is for higher compensation
Of the $15.2 billion in new health sector funding added in the 2023 budget, the FAO estimates that:$9.4 billion is required to address the funding shortfall for existing programs and announced commitments; $0.9 billion is for higher compensation
/8 spending resulting from retroactive wage increases awarded to some health sector workers that were subject to wage restraint under Bill 124; $0.5 billion is required to fund new program changes; and $4.4 billion is excess funds that are not required to fund health sector
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