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 (2019-20)

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 (2019-20)

Ministry Statements and Schedules

Ministry Statements and Schedules (formerly Volume 1) 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 enterprises (such as the LCBO), alongside the expenses of ministries.

Read Ministry Statements and Schedules (2019-20)

Ministry spending

Health and Long-Term Care

$59,842,836,274

Education

$31,221,580,684

Children, Community and Social Services

$17,390,922,319

Finance

$12,838,971,093

Training, Colleges And Universities

$7,926,589,031
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Select the show more/show less button to expand or hide the ministry spending bar chart.

Transportation

$6,463,615,889

Energy, Northern Development and Mines

$6,266,724,137

Solicitor General

$3,020,557,232

Attorney General

$2,116,343,373

Treasury Board Secretariat

$1,904,046,581

Tourism, Culture and Sport

$1,330,858,113

Municipal Affairs / Housing

$1,200,114,523

Agriculture, Food and Rural Affairs

$844,180,480

Government and Consumer Services

$817,730,819

Economic Development, Job Creation and Trade

$788,588,073

Natural Resources and Forestry

$559,787,490

Environment, Conservation And Parks

$340,154,482

Infrastructure

$304,278,844

Labour

$294,287,720

Assembly, Office of the

$168,765,172

Indigenous Affairs

$89,677,272

Seniors and Accessibility

$55,668,980

Chief Electoral Officer, Office of the

$54,704,688

Cabinet Office

$30,203,975

Auditor General, Office of the

$26,101,091

Ombudsman Ontario

$23,325,671

Francophone Affairs

$5,025,943

Premier, Office of the

$2,424,827

Lieutenant Governor, Office of the

$1,957,011

Financial statements of government organizations and business enterprises 2019-20

Starting in 2018–19, the Financial Statements of Government Organizations and Business Enterprises (formerly 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 (2019-20)

Detailed Schedules of Payments

Detailed Schedules of Payment (formerly 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 Detailed Schedules of Payments (2019-20)