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
  • supplementary information

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

Descriptive transcript: Public Accounts 101

Read the guide to the Public Accounts

Read past editions of the Public Accounts

Learn more about the Ontario Budget cycle

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 (2024–25)

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 (2024–25)

Ministry Statements and Schedules

Ministry Statements and Schedules contains ministry statements, detailed schedules of debt and other items. This document details where government revenue comes from, including taxes, non-tax revenue and income from government business enterprises, alongside the expenses of ministries.

Read Ministry Statements and Schedules (2024–25)

Ministry spending

Health

$77,944,030,998 

Education

$39,568,777,353 

Children, Community and Social Services

$20,857,234,494 

Finance

$19,137,504,606 

Transportation

$15,664,826,481 

Long-Term Care

$8,401,206,906 

Colleges and Universities

$7,935,025,571 

Energy

$6,538,115,869 

Solicitor General

$4,647,416,843 

Attorney General

$2,904,102,070 

Infrastructure

$2,489,584,278 

Municipal Affairs and Housing

$2,082,943,961 

Labour, Immigration, Training and Skills Development

$2,056,325,235 

Treasury Board Secretariat

$2,033,350,703 

Economic Development, Job Creation and Trade

$1,739,591,933 

Tourism, Culture, and Sport

$1,565,428,527 

Indigenous Affairs

$965,473,647 

Public and Business Service Delivery

$953,611,168 

Natural Resources and Forestry

$872,782,197 

Northern Development

$750,655,454 

Agriculture, Food and Rural Affairs

$678,271,102 

Environment, Conservation and Parks

$418,423,481 

Mines

$231,738,756 

Office of the Assembly

$223,044,361 

Office of the Chief Electoral Officer

$221,208,978 

Seniors and Accessibility

$162,315,229 

Citizenship and Multiculturalism

$75,198,364 

Cabinet Office

$66,681,875 

Office of the Auditor General

$30,474,497 

Ombudsman Ontario

$30,087,856 

Francophone Affairs

$13,791,554 

Office of the Lieutenant Governor

$2,658,571 

Office of the Premier

$2,418,231 

 

Detailed Schedules of Payments

Detailed Schedules of Payment 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 Detailed Schedules of Payments (2024–25)

Financial statements of government organizations and business enterprises 2024–25

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 (2024–25)