The report presents the government’s financial statements and provides a picture of how finances were managed over the last fiscal year (April 1 to March 31).

The Auditor General reviews the Public Accounts before it is released and gives an opinion on whether Ontario is following independently established accounting standards.

Public Accounts are made up of:

  • an annual report
  • consolidated financial statements
  • three supporting volumes

It is typically released in the fall of the following fiscal year.

As part of our Open Government initiative, you can find additional tools, features and tables to make the government’s financial information easier to access, use and understand.

Annual report

The annual report is a high-level summary of the fiscal year’s results. It includes financial statements, analyzes the state of the province’s finances and outlines achievements for the fiscal year.

Read the annual report (2015-16)

See the government’s five-year trends

If you require this information, please contact infoTBS@ontario.ca. We will:

  • acknowledge your request within 3 business days
  • provide you with the content within 15 business days

Consolidated financial statements

These statements compare government revenues to its expenses (the cost of providing programs and services and financing debt). The result is the annual surplus or deficit. These statements also display the budget plan and last year’s numbers for comparison.

Read the consolidated financial statements (2015-16)

Volume 1: ministry statements and schedules

Volume 1 contains ministry statements, detailed schedules of debt and other items. This volume details where government revenue comes from, including taxes, non-tax revenue and income from enterprises (such as the LCBO), alongside the expenses of ministries.

Read Volume 1 (2015-16)

Ministry spending

Health and Long-Term Care






Community and Social Services


Training, Colleges and Universities

Show more

Select the show more/show less button to expand or hide the ministry spending bar chart.



Children and Youth Services


Community Safety and Correctional Services


Attorney General


Tourism, Culture and Sport


Treasury Board Secretariat


Municipal Affairs and Housing


Economic Development, Employment and Infrastructure / Ministry of Research and Innovation




Agriculture, Food and Rural Affairs


Northern Development and Mines


Government and Consumer Services


Natural Resources and Forestry


Environment and Climate Change




Citizenship, Immigration and International Trade


Office Of The Assembly


Aboriginal Affairs


Cabinet Office


Office of the Chief Electoral Officer


Office of the Auditor General


Ombudsman Ontario


Office of Francophone Affairs


Office of the Premier


Office of the Lieutenant Governor


Capital assets by ministry

This bar chart visualizes ministry capital assets in Ministry Statements and Schedules of the 2015-16 Public Accounts. Click the show more/show less button to expand or hide the bar chart.



Northern Development and Mines


Natural Resources and Forestry


Treasury Board Secretariat


Community Safety and Correctional Services

Show more

Select the show more/show less button to expand or hide the ministry spending bar chart.

Tourism, Culture and Sport


Attorney General


Health and Long-Term Care


Economic Development, Employment and Infrastructure/Research and Innovation


Training, Colleges and Universities


Government and Consumer Services


Community and Social Services


Environment and Climate Change




Children and Youth Services




Volume 2: financial statements of government organizations and business enterprises

Volume 2 contains the individual financial statements of government organizations, business enterprises and other financial statements. These organizations and enterprises include agencies, such as Metrolinx and Hydro One, and organizations like the Workplace Safety and Insurance Board.

Read Volume 2 (2015-16)

Volume 3: detailed schedules of payments

Volume 3 contains the transfer payments made by ministries to recipients that are not a part of the Government of Ontario, such as hospitals, community agencies and schools. It also includes payments to vendors for goods and services, such as third-party staffing agencies, consultants and telecom providers.

Read Volume 3 (2015-16)