The Office of the Auditor General of Canada issued a clean audit opinion on the 2025-2026 consolidated financial statements. The report notes that the government transferred $904 million from the Public Service Pension Fund to the Consolidated Revenue Fund. Significant findings include $4.5 billion in written-off COVID-19 benefits and $7.2 billion in outstanding Canada Emergency Business Account loans. The audit also identified recurring weaknesses in financial system controls and errors affecting 18% of employee pay. National Defence inventory errors were found to have understated the annual deficit by an estimated $751 million.
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