Fiscal year 2025‑2026
Québec's public finances, in figures
In 2025‑2026, the Government of Québec spent $165.9B, or $18,333 per person. Health accounts for 39.7% of it. Since 2015‑2016, spending per person has grown by 19.8% after inflation.
Key indicators
Consolidated expenditure$165.9B$18,333 per capita
Consolidated revenue$160.4BTaxes, Crown corporations and federal transfers
Accounting deficit$5.5BDifference between revenue and expenditure for the year
Net debt at 31 March 2026$245.9B$27,169 per capita
Debt service, per day$27.8M$10.1B over the fiscal year, mostly interest
Net debt as a percentage of GDP38.3%At 31 March 2025, 2024 GDP
Sources: Ministère des Finances du Québec, Public Accounts 2025-2026, vol. 1, p. 88 (consolidated statement of operations) and p. 89 (net debt), published 17 July 2026; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026; Statistics Canada, GDP (36-10-0222-01), construction prices (18-10-0289-01) and population of health regions (17-10-0157-01), dataset updated 24 July 2026.