Annual Reports and Public Accounts


Manitoba's economic performance in 2022/23 was stronger than expected, and the province's summary financial position, as at March 31, 2023, is a surplus of $270 million. This is an improvement of $1,020 million over the previous year's restated deficit of $750 million and an improvement of $818 million over the 2022/23 budget deficit of $548 million.

As of the 2022/23 fiscal year-end, the Annual Report and Public Accounts shows the following summary of the government's financial position.

Total Revenue: $22.1B, Total Expenditure: $21.9B, Surplus: $270M, Net Debt: $30.3

The Government of Manitoba balances over $22 billion of revenues, including own-source revenues and federal transfers, with expenditures that flow to departments and other reporting entities. This year, revenue exceeds expenditures by $270 million. Health care accounts for approximately 37 per cent (or $8 billion) of the total budget. Health, education, and families constitute nearly 71 per cent of the budget. The provincial net debt, which is a measure of total liabilities less financial assets, is $30.3 billion in 2022/23. The annual debt servicing costs are almost $2.0 billion.

Past Public Accounts and Annual Reports