Auditor general issues clean audit report

Release

Auditor General of New Brunswick

December 09, 2025

FREDERICTON (GNB) – Auditor general Paul Martin tabled a report today in the legislative assembly on his office’s financial statement audit of the provincial government for the 2024-25 fiscal year and other key findings.

While his office issued an unqualified audit opinion, Martin also reported on the government’s $104-million deficit.

“This is the first recorded deficit in eight years, while net debt increased marginally,” said Martin.

Martin said this year’s deficit was driven by a $1.1-billion dollar increase in spending, primarily in the departments of Health and Social Development. His report also noted the government recorded $156 million in revenue related to a tobacco settlement, arising from litigation against tobacco companies for health-care costs.

The report includes chapters on the province’s financial condition and findings from financial audits of the government and its Crown agencies.

“I am pleased to report we issued an unqualified, or clean, audit opinion on the province’s financial statements,” said Martin.

All chapters on the financial audit can be found in Volume III of the 2025 report, which is available on the Office of the Auditor General’s website.

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