Government budget and revenue in Northwest Territories, Canada: official figures
The territorial government of the Northwest Territories took in $3.1 billion of revenue in the 2024/25 fiscal year (Statistics Canada government finance statistics, reference year 2024), or $69,532 per resident; 2nd highest of 13 provinces and territories per resident. Revenue was $3.0 billion a year earlier.
How much does the government of the Northwest Territories spend?
Expenses of the government of the Northwest Territories came to $2.9 billion in 2024/25, $63,966 per resident (2nd highest of 13 provinces and territories), against $3.1 billion in the previous year.
Source: Statistics Canada · saved copyDoes the government of the Northwest Territories have a deficit?
Revenue minus expense left the government of the Northwest Territories with a net operating surplus of $252 million in 2024/25, equal to 8.0% of revenue; 2nd strongest balance of 13 provinces and territories.
Source: Statistics Canada · saved copyWhere does the government of the Northwest Territories get its money?
Taxes made up 13.5% of revenue for the government of the Northwest Territories in 2024/25 ($425 million), and grants from other levels of government, which include federal transfers, made up 74.0% ($2.3 billion); 3rd highest share of 13 provinces and territories for grants.
Source: Statistics Canada · saved copyHow much income tax does the Northwest Territories collect?
Personal income tax raised $189 million for the government of the Northwest Territories in 2024/25 (6.0% of revenue), and taxes on goods and services, including sales and fuel taxes, raised $171 million (5.4%).
Source: Statistics Canada · saved copyHow much interest does the government of the Northwest Territories pay?
Interest on debt cost the government of the Northwest Territories $53 million in 2024/25, 1.8% of its expenses; 3rd lowest share of 13 provinces and territories. Social benefits paid directly to people came to $160 million.
Source: Statistics Canada · saved copyWhat is the debt of the Northwest Territories?
At the end of 2024/25, the government of the Northwest Territories had financial assets of $2.0 billion and liabilities of $1.8 billion, net financial assets of $200 million, or $4,418 per resident; 2nd strongest position of 13 provinces and territories per resident.
Source: Statistics Canada · saved copyHow much has the government of the Northwest Territories borrowed?
Debt securities such as bonds and treasury bills issued by the government of the Northwest Territories stood at $363 million at the end of 2024/25, $8,018 per resident, against $363 million a year earlier.
Source: Statistics Canada · saved copyHow Northwest Territories compares with other territories
Provincial or territorial government revenue per resident, 2024/25 (2024/25)
Northwest Territories ranks 2 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government revenue per resident, 2024/25 |
|---|---|---|
| 1 | Nunavut | $79,963 |
| 2 | Northwest Territories | $69,532 |
| 3 | Yukon | $44,293 |
| 4 | Quebec | $19,138 |
| 5 | Saskatchewan | $17,641 |
| 6 | Prince Edward Island | $17,242 |
| 7 | Newfoundland and Labrador | $17,242 |
Provincial or territorial government expense per resident, 2024/25 (2024/25)
Northwest Territories ranks 2 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government expense per resident, 2024/25 |
|---|---|---|
| 1 | Nunavut | $78,443 |
| 2 | Northwest Territories | $63,966 |
| 3 | Yukon | $43,873 |
| 4 | Quebec | $20,903 |
| 5 | Saskatchewan | $19,278 |
| 6 | Prince Edward Island | $18,595 |
| 7 | Newfoundland and Labrador | $17,814 |
Net operating balance as a share of revenue, 2024/25 (2024/25)
Northwest Territories ranks 2 of 13, highest first. Negative values are deficits.
| Rank | Region | Net operating balance as a share of revenue, 2024/25 |
|---|---|---|
| 1 | Alberta | 8.5% |
| 2 | Northwest Territories | 8.0% |
| 3 | New Brunswick | 4.1% |
| 4 | Nova Scotia | 3.0% |
| 5 | Nunavut | 1.9% |
| 6 | Yukon | 0.9% |
| 7 | Newfoundland and Labrador | -3.3% |
Net financial worth per resident, 2024/25 (negative = net debt) (2024/25)
Northwest Territories ranks 2 of 13, highest first.
| Rank | Region | Net financial worth per resident, 2024/25 (negative = net debt) |
|---|---|---|
| 1 | Nunavut | $26,421 |
| 2 | Northwest Territories | $4,418 |
| 3 | Yukon | $3,838 |
| 4 | Alberta | $-2,604 |
| 5 | British Columbia | $-6,631 |
| 6 | New Brunswick | $-7,444 |
| 7 | Saskatchewan | $-8,460 |
Interest as a share of government expense, 2024/25 (2024/25)
Northwest Territories ranks 11 of 13, highest first.
| Rank | Region | Interest as a share of government expense, 2024/25 |
|---|---|---|
| 7 | Saskatchewan | 5.1% |
| 8 | Alberta | 4.9% |
| 9 | British Columbia | 4.6% |
| 10 | Nova Scotia | 4.6% |
| 11 | Northwest Territories | 1.8% |
| 12 | Nunavut | 0.4% |
| 13 | Yukon | 0.4% |
Grants from other levels of government as a share of revenue, 2024/25 (2024/25)
Northwest Territories ranks 3 of 13, highest first.
| Rank | Region | Grants from other levels of government as a share of revenue, 2024/25 |
|---|---|---|
| 1 | Yukon | 85.0% |
| 2 | Nunavut | 82.8% |
| 3 | Northwest Territories | 74.0% |
| 4 | Prince Edward Island | 39.4% |
| 5 | New Brunswick | 37.1% |
| 6 | Manitoba | 36.5% |
| 7 | Nova Scotia | 34.6% |
More on Northwest Territories: overview · economy and jobs · health · education and schools · poverty and living standards · Canada
Sources
- Statistics Canada: Table 10-10-0017-01: Canadian government finance statistics for the provincial and territorial governments (Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 1ced6a105cfe…)
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