Beyond the Bottom Line: Navigating the Province of B.C.’s 2024/25 Audited Financial Statements

Date: October 28, 2025

This report was prepared as a guide for users of the Province of B.C.’s Summary Financial Statements and points to what the statements reveal about the Province’s financial health.

Annual financial statements provide transparency and accountability for the use of public funds, but they include a great deal of information that may be difficult to understand.

The Province of B.C.’s 2024/25 financial statements indicated the Province’s financial health has declined after successive annual deficits and an increased reliance on debt.

With its audit of the Province’s Summary Financial Statements, the Office of the Auditor General plays a vital role in supporting the Legislative Assembly in holding government accountable for its management and use of public resources.

Our audit work, and independent auditor’s report provide users with assurance that they can rely on the information in the financial statements.