Auditor General Denise Hanrahan says she is concerned by the level of debt government has accrued given the province’s population and demographics.

Hanrahan released a report on the province’s 2025 financial statement audits yesterday.

She says her report reiterates a lot of what the province reported last fall in its public accounts.

She says the net debt is over $18-billion, the deficit continues to increase the net debt, and the cost of servicing the debt is over $1-billion a year.

“Looking at us per capita is when it really hits home for me particularly, and to think that what people of the province owe as a basis of those historical financial results.”