Overview

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

$51,469,705,303

Education

$27,133,247,363

Finance

$11,802,761,561

Community and Social Services

$11,313,983,601

Training, Colleges and Universities

$7,796,506,778
Show more

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

Transportation

$4,615,203,032

Children and Youth Services

$4,438,015,770

Community Safety and Correctional Services

$2,709,036,430

Attorney General

$1,803,505,989

Tourism, Culture and Sport

$1,754,293,122

Treasury Board Secretariat

$1,282,973,988

Municipal Affairs and Housing

$1,177,344,073

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

$1,132,138,395

Energy

$988,700,139

Agriculture, Food and Rural Affairs

$896,712,146

Northern Development and Mines

$695,919,144

Government and Consumer Services

$607,706,362

Natural Resources and Forestry

$581,237,770

Environment and Climate Change

$335,293,389

Labour

$304,085,863

Citizenship, Immigration and International Trade

$217,221,665

Office Of The Assembly

$152,255,413

Aboriginal Affairs

$79,141,814

Cabinet Office

$32,420,673

Office of the Chief Electoral Officer

$28,683,978

Office of the Auditor General

$17,145,399

Ombudsman Ontario

$13,166,204

Office of Francophone Affairs

$8,274,185

Office of the Premier

$2,588,123

Office of the Lieutenant Governor

$1,467,643

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.

Transportation

$2,260,927,731

Northern Development and Mines

$560,818,141

Natural Resources and Forestry

$57,401,220

Treasury Board Secretariat

$48,202,462

Community Safety and Correctional Services

$33,765,321
Show more

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

Tourism, Culture and Sport

$11,964,581

Attorney General

$10,943,892

Health and Long-Term Care

$10,619,598

Economic Development, Employment and Infrastructure/Research and Innovation

$5,845,304

Training, Colleges and Universities

$4,264,408

Government and Consumer Services

$3,858,040

Community and Social Services

$2,628,162

Environment and Climate Change

$1,361,103

Education

$1,243,264

Children and Youth Services

$819,357

Finance

$212,085

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)