The Public Accounts presents the government’s financial statements and gives 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.

Annual report

The annual report is a high-level summary. It includes financial statements and analysis, as well as  achievements for the fiscal year.

Read the annual report (2017-18)

Download data from the annual report on the government’s five-year trends for:

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 include the budget plan and last year’s numbers for comparison.

Read the consolidated financial statements (2017-18)

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 (2017-18)

Ministry spending

Health and Long-Term Care






Community and Social Services


Advanced Education and Skills Development

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Children and Youth Services




Community Safety and Correctional Services


Attorney General


Environment and Climate Change


Treasury Board Secretariat


Tourism, Culture and Sport


Municipal Affairs / Housing


Indigenous Relations and Reconciliation


Economic Development and Growth / Research, Innovation and Science


Agriculture, Food and Rural Affairs


Northern Development and Mines


Natural Resources and Forestry


Government and Consumer Services






Assembly, Office of the


Citizenship and Immigration


Chief Electoral Officer, Office of the


Cabinet Office


International Trade


Seniors Affairs


Status of Women


Auditor General, Office of the


Accessibility Directorate of Ontario


Ombudsman Ontario


Francophone Affairs


Premier, Office of the


Lieutenant Governor, Office of the


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 (2017-18)

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 (2017-18)