The debt
At 31 March 2026, Québec's net debt stood at $245.9B, or $27,169 per capita.
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.
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.
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; 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.
Net debt as a percentage of GDP
Net debt at 31 March divided by Québec's nominal gross domestic product for the previous calendar year, as the Ministère des Finances does.
The ratio at 31 March 2026 will be calculated once Statistics Canada publishes 2025 GDP, in November.
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; 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.
Net debt at 31 March
Liabilities minus financial assets, in current dollars.
View the data
| As of | Net debt | Net debt per capita | Net debt / GDP | Debt service |
|---|---|---|---|---|
| 31 March 2016 | $198.1B | $24,224 | 51.1% | $10.1B |
| 31 March 2017 | $195.2B | $23,726 | 48.9% | $9.6B |
| 31 March 2018 | $192.0B | $23,153 | 45.9% | $9.4B |
| 31 March 2019 | $188.6B | $22,485 | 42.9% | $8.9B |
| 31 March 2020 | $188.1B | $22,168 | 40.9% | $7.8B |
| 31 March 2021 | $194.6B | $22,756 | 43.1% | $7.8B |
| 31 March 2022 | $196.8B | $22,957 | 38.8% | $8.8B |
| 31 March 2023 | $208.8B | $24,092 | 37.5% | $10.2B |
| 31 March 2024 | $220.0B | $24,951 | 37.8% | $10.0B |
| 31 March 2025 | $236.2B | $26,292 | 38.3% | $10.0B |
| 31 March 2026 | $245.9B | $27,169 | — | $10.1B |
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; 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.
While you read this page
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Order of magnitude: the fiscal year's debt service, spread evenly over every second of the year ($322 per second, $27.8M per day). Interest is not actually paid this way.
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