Today, Premier and Minister of Finance Currie Dixon tabled the 2025–26 Public Accounts in the Yukon Legislative Assembly. The Public Accounts outline the Government of Yukon’s final financial statements for the 2025–26 fiscal year, which ended on March 31, 2026.
For the 2025–26 fiscal year, the Public Accounts report a non-consolidated surplus of $4.9 million. This is $77.1 million lower than the $82 million surplus forecast in the 2025–26 Main Estimates. It is also $7.6 million lower than the revised surplus of $12.5 million forecast in the 2025–26 Supplementary Estimates No. 2.
The difference in the year-end surplus from the two forecasts relates mainly to accounting adjustments resulting from the Receiver sale process for the Eagle Gold Mine.
Precise impacts from the Eagle Gold Mine sale mean current figures included in the Public Accounts are point-in-time best estimates based on information available when the financial statements were prepared. These figures will change in future years as the mine sale, court process and other related matters advance.
The Public Accounts report additional revenues of $63.1 million above the forecast included in the 2025–26 Main Estimates or $46.4 million higher than the revised forecast in the 2025–26 Supplementary Estimates No. 2. The largest increase came from taxes and general revenues, largely driven by higher-than-expected income tax revenue in line with stronger income growth across the country.
The Public Accounts also report non-consolidated net debt of $635.8 million, $59.8 million lower than the $695.7 million forecast at the start of the fiscal year.
The 2025–26 Public Accounts provide a transparent, final accounting of the previous fiscal year. While they reflect the continued pressure of rising expenses, they also show that our government has taken the first steps on our path to balance. By managing spending carefully, protecting essential services and maintaining a strong fiscal position, we are working to bring revenues and expenditures back into alignment and keep the Yukon government’s finances sustainable for the long term.
- In comparison to budgets introduced at the start of a fiscal year, the Public Accounts report actual revenues and spending following the end of the fiscal year.
- The Auditor General of Canada has audited the consolidated statements in the Government of Yukon’s 2025–26 Public Accounts and issued an unqualified opinion. This opinion demonstrates that the Government of Yukon represented its fiscal position fairly in the Public Accounts and complied with Canadian public sector accounting standards as well as Yukon legislation.
- A valuation allowance is a type of accounting treatment which reduces the recorded value of an asset when the government does not expect to recover its full value. In the case of the 2025–26 Public Accounts, the allowance reflects the portion of the loan and accrued interest that the government estimates it will not recover at this time.
- Accounting treatments are prudent, point-in-time estimates based on the information available at year-end. They may differ from the final amounts realized under the negotiated sale agreement and can change in future years as the mine sale, court process and other related matters advance.
Non-consolidated statements
- The government’s non-consolidated statements do not include the financial results for Yukon University, Yukon Hospital Corporation, Yukon Housing Corporation, Yukon Development Corporation or Yukon Liquor Corporation.
- The non-consolidated annual surplus for 2025–26 was $4.9 million. This amount is based on total non-consolidated year-end revenues of $2.232 billion and expenses of $2.236 billion, as well as $8.4 million in prior years’ expense recoveries.
- On a non-consolidated basis, expenses in 2025–26 were $148.6 million higher than the forecast in the Main Estimates.
- This was offset by revenues in 2025–26 being $63.1 million higher than in the Main Estimates.
- On March 31, the Government of Yukon’s non-consolidated net debt was $635.8 million, or a decrease of $59.9 million over the $695.7 million projected in the Main Estimates. This consists of net financial assets of $643.4 million and liabilities of $1.279 billion.
- The Government of Yukon received an "AA Stable" credit rating from S&P Global Ratings in July 2026 and an “Aa1” credit rating from Moody’s Ratings in September 2026, recognizing the government’s strong financial management practices and predictable funding relationship with the Government of Canada.
Consolidated statements
- The government’s consolidated statements include the financial results for Yukon University, Yukon Hospital Corporation, Yukon Housing Corporation, Yukon Development Corporation and Yukon Liquor Corporation.
- On a consolidated basis, which includes public corporations and other entities under the Government of Yukon, the annual surplus was $75.1 million in 2025–26. This amount is based on revenues of $2.33 billion and expenses of $2.228 billion.
- The consolidated net debt was $297.9 million as of March 31, 2026, consisting of net financial assets of $1.088 billion and liabilities of $1.386 billion.
- The consolidated debt from borrowing in 2025–26 was $810.6 million.
Tim Kucharuk
Press secretary, Cabinet Communications
867-335-2419
[email protected]
Eric Clement
Communications, Finance
867-393-6482
[email protected]