The Government of Nunavut’s 2024–25 Public Accounts were tabled on March 6, 2026. The report gives the territory’s latest audited, consolidated financial results, covering the fiscal year that ended March 31, 2025. It reports $3.47 billion in revenue, including $2.72 billion from the federal government, and $3.27 billion in expenses. The Auditor General of Canada concluded that the consolidated statements fairly presented Nunavut’s financial position in all material respects and that transactions examined complied, in all material respects, with the specified legal authorities. Source↗

Public accounts show actual results after the fiscal year, rather than planned spending in a budget. Nunavut ended the year with $1.39 billion in total liabilities, $742.0 million in net financial assets and $3.90 billion in accumulated surplus. The largest expense categories were goods and services at $1.81 billion, compensation and employee benefits at $875.6 million, and grants and contributions at $386.1 million. Federal transfers made up 78.4 per cent of total revenue. These figures provide a baseline for residents and MLAs assessing the cost of public services, infrastructure commitments and future budgets. Source↗

The Public Accounts are already tabled; no new spending decision is created by the report. The Legislative Assembly’s oversight committee is scheduled to hold televised hearings on the most recent public accounts from September 23 to October 1, 2026. The next annual accounts, for the fiscal year ending March 31, 2026, have not yet been tabled. Source↗

The report records $25.18 million in total interest expense for 2024–25. Of that, $10.61 million was interest on long-term debt; it should not be presented as the territory’s total interest expense. The report also records a $571.69-million liability for the Iqaluit International Airport and $215.81 million in long-term debt. The territory’s annual surplus was lower than the $352.09-million surplus reported for 2023–24. Source↗