Manitoba received the worst grade among provinces, territories and the federal government from a conservative think tank for transparency on how it taxes and spends.

The province received a D- in the C.D. Howe Institute report Making the Grade: The Fiscal Accountability Report Card for Canada’s Senior Governments, 2025. Alberta topped the class with an A+ for budgets, estimates and public accounts that were timely, accessible and reliable. The federal government earned a D for lateness and obscure presentations in its budget and estimates.

Manitoba scored low for the timeliness of its budget, estimates and public accounts. Its financial statements received multiple qualifications from the auditor general and it restated its budget projections in its public accounts.

“Budgets should co

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