Overview

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 (2018-19)

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 (2018-19)

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 (2018-19)

Ministry spending

Health and Long-Term Care

$57,671,563,262

Education

$30,571,893,508

Finance

$12,860,545,552

Community and Social Services

$12,838,603,827

Advanced Education and Skills Development

$9,063,183,898
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Transportation

$6,071,432,807

Children and Youth Services

$4,654,591,024

Energy

$4,512,778,780

Community Safety and Correctional Services

$2,960,741,542

Attorney General

$2,008,523,746

Municipal Affairs / Housing

$1,549,139,493

Treasury Board Secretariat

$1,424,532,706

Environment and Climate Change

$1,383,135,602

Tourism, Culture and Sport

$1,231,190,218

Economic Development and Growth / Research, Innovation and Science

$1,041,000,430

Northern Development and Mines

$821,322,468

Agriculture, Food and Rural Affairs

$790,154,108

Natural Resources and Forestry

$696,680,385

Infrastructure

$630,836,160

Government and Consumer Services

$621,065,397

Labour

$322,814,076

Indigenous Relations and Reconciliation

$292,874,030

Assembly, Office of the

$191,458,521

Citizenship and Immigration

$161,533,774

Chief Electoral Officer, Office of the

$159,948,022

Cabinet Office

$50,485,958

International Trade

$40,021,266

Seniors Affairs

$32,278,245

Status of Women

$23,717,396

Auditor General, Office of the

$20,001,358

Accessibility Directorate of Ontario

$17,575,160

Ombudsman Ontario

$15,300,041

Francophone Affairs

$5,679,230

Premier, Office of the

$2,422,850

Lieutenant Governor, Office of the

$1,759,036

Financial statements of government organizations and business enterprises 2018-19 (formerly Volume 2)

Starting in 2018-19, Volume 2 is no longer part of the Public Accounts. Find the individual financial statements of government organizations (including hospitals, colleges and school boards), trusts under administration (such as the Workplace Safety and Insurance Board), businesses and other organizations on their websites.

Access listing of organizations (2018-19)

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 (2018-19)