The Yukon government accumulated a surplus of $119 million over the 2012/2013 fiscal year, according to public accounts released this week.
The accounts have been audited and approved by the Auditor General of Canada.
“This is the Yukon government’s 10th annual reported surplus during the past 11 years,” said Premier Darrell Pasloski in a press release. “Our healthy surplus is a reflection of our financial strength and will help the Yukon government continue to respond to emerging priorities and pressures.”
The government plans to invest in new schools and an expansion for the Whitehorse General Hospital, he said.
“Yukon’s expanding economy will also require more investment in energy, transportation and communication infrastructure. Positive financial results mean we can meet these challenges without mortgaging the future. We intend to continue to demonstrate this fiscally responsible management throughout this mandate.”