Federal government’s financial reporting is late and misleading

There’s no good reason the federal government cannot—like publicly traded companies are required to—publish its financial statements in three months.
Finance Minister François-Philippe Champagne. Ottawa didn’t table its Public Accounts for 2024-25 (for the fiscal year ended on March 31, 2025) until Nov. 7, 2025—a delay of more than seven months.

When you compare the federal government’s financial reporting practices with the private sector, you find that financial transparency and reporting excellence are not among the government’s priorities. And there’s a significant gap between the government’s relatively...

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