Fiscal Reference Tables October 2023

See also:

• Annual Financial Report of the Government of Canada Fiscal Year 2022–2023

Preface

The Fiscal Reference Tables provide annual data on the financial position of the federal, provincial-territorial and local governments. The data are presented on both a Public Accounts basis—corresponding to the accounting conventions used to report financial information to the respective legislatures—as well as on a National Accounts basis—as prepared by Statistics Canada and the International Monetary Fund.

The Fiscal Reference Tables for the Federal Government—Public Accounts have been revised to reflect the following changes:

• A restatement of the 2021-22 results to reflect the government's adoption of the new Public Sector Accounting Standard PS 3280 Asset Retirement Obligations. This accounting change has also resulted in an adjustment to the opening balance of the accumulated deficit for 2021-22 to reflect changes in the amounts of tangible capital assets and liabilities for asset retirement obligations.
• An adjustment to the opening balance of the accumulated deficit in 2022-23 to reflect the adoption of new standards issued by the Public Sector Accounting Board related to financial instruments. The opening balance adjustment reflects changes to the balances of certain financial instruments to reflect their fair values as of April 1, 2022, and to adjust the value of unmatured debt.
• The reclassification of certain figures to conform to the current year's presentation.

Where applicable, the Fiscal Reference Tables also incorporate recent Statistics Canada National Accounts revisions.

For information or clarification, please contact Bradley.Recker@fin.gc.ca.

Table of Contents

Federal Government—Public Accounts

Provincial and Territorial Governments—Public Accounts

National Accounts

International Fiscal Comparisons