Archived - Backgrounder: Highlights From the Annual Financial Report for 2014–15

The financial results in the Annual Financial Report are based on the audited consolidated financial statements of the Government of Canada for the fiscal year ended March 31, 2015, the condensed form of which is included in the report. For the 17th consecutive year, the Government has received an unmodified audit opinion from the Auditor General of Canada on the consolidated financial statements. The complete consolidated financial statements are available on the Public Works and Government Services Canada website.

Final results for fiscal year 2014–15 show a budgetary surplus of $1.9 billion, which is a $3.9-billion improvement over the Budget 2015 forecast of a $2.0-billion deficit.

The improvement over projections for major budget components is as follows:

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