Annual Financial Report associated with the federal Government of Canada Fiscal 2018–2019 year

Annual Financial Report associated with the federal Government of Canada Fiscal 2018–2019 year

Note to visitors

The economic results in this report derive from the audited consolidated monetary statements associated with the federal federal Government of Canada for the fiscal year ended March 31, 2019, the condensed as a type of that is most notable report.

The Government has received an unmodified audit opinion from the Auditor General of Canada on the consolidated financial statements for the 21st consecutive year. The whole consolidated statements cash call that are financial available regarding the Public solutions and Procurement Canada internet site.

The reference that is fiscal have now been updated to add the outcome for 2018–19 in addition to historic revisions into the nationwide Economic and Financial Accounts posted by Statistics Canada.

Report Shows

  • The federal government posted a budgetary deficit of $billion when it comes to year that is fiscal March 31, 2019, when compared with an estimated deficit of $billion into the March 2019 spending plan.
  • Profits increased by $billion, or percent, from 2017–Program costs increased by $14.6 billion, or percent, showing increases in most major kinds of expenses. Public financial obligation charges had been up $billion, or 6.3 percent.
  • The federal financial obligation (the essential difference between total liabilities and total assets) endured at $685.5 billion at March 31, The federal debt-to-GDP (gross domestic product) ratio had been per cent, down from percent within the past 12 months. Continue reading “Annual Financial Report associated with the federal Government of Canada Fiscal 2018–2019 year”