As Ontario moves into budget season, it is instructive to take a quick look at the finances to date as revealed in the most recent Ontario Economic Outlook and Fiscal Review which was presented November 2014. Ontario’s aim then as no doubt now was to have the budget balanced by 2017-18. According to the Review, between 2013-14 and 2017-18, total expenditures (including the reserve) were expected to rise from 126.4 to 134.5 billion dollars – an increase of 6.4 percent. Meanwhile, revenues are expected to rise from 115.9 to 134.5 billion dollars – an increase of 16 percent. Over a four year period, one can estimate that total expenditures are expected to grow about 1.6 percent annually and revenues about 4 percent annually.