Ten years of public finances
From 2015‑2016 to 2025‑2026: the Québec government's revenue, spending, balance and debt, according to the Public Accounts.
Net debt to GDP: 38.3% as of 31 March 2025, compared with 51.1% as of 31 March 2016 (−12.8 points).
Revenue and expenditure, in current dollars
View the data
| Fiscal year | Consolidated expenditure | Consolidated revenue | Balance | Spending per capita (constant dollars) | Revenue per capita (constant dollars) | Health per capita (constant dollars) | Education and higher education per capita (constant dollars) | Population | Price index (2002 = 100) | Nominal GDP (previous calendar year) | Net debt / GDP |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015-2016 | $96.9B | $100.1B | $3.3B | $15,299 | $15,815 | $5,949 | $3,174 | 8,175,743 | 124.7 | $387.7B | 51.1% |
| 2016-2017 | $99.2B | $103.1B | $3.9B | $15,452 | $16,067 | $6,056 | $3,267 | 8,225,036 | 125.6 | $399.2B | 48.9% |
| 2017-2018 | $105.6B | $108.4B | $2.8B | $16,159 | $16,588 | $6,176 | $3,335 | 8,292,832 | 126.9 | $418.7B | 45.9% |
| 2018-2019 | $107.1B | $114.8B | $7.7B | $15,936 | $17,078 | $6,214 | $3,388 | 8,386,951 | 129.0 | $439.7B | 42.9% |
| 2019-2020 | $115.1B | $117.0B | $1.8B | $16,591 | $16,857 | $6,404 | $3,484 | 8,483,186 | 131.7 | $459.8B | 40.9% |
| 2020-2021 | $127.1B | $122.7B | −$4.4B | $18,017 | $17,396 | $7,606 | $3,528 | 8,551,095 | 132.8 | $451.3B | 43.1% |
| 2021-2022 | $136.3B | $138.8B | $2.6B | $18,574 | $18,924 | $7,714 | $3,566 | 8,572,020 | 137.8 | $507.5B | 38.8% |
| 2022-2023 | $147.4B | $144.2B | −$3.1B | $18,621 | $18,226 | $7,498 | $3,685 | 8,667,648 | 147.0 | $556.1B | 37.5% |
| 2023-2024 | $151.5B | $145.5B | −$6.0B | $18,013 | $17,300 | $7,251 | $3,629 | 8,818,050 | 153.6 | $582.5B | 37.8% |
| 2024-2025 | $161.3B | $156.1B | −$5.2B | $18,387 | $17,797 | $7,320 | $3,961 | 8,982,312 | 157.2 | $616.8B | 38.3% |
| 2025-2026 | $165.9B | $160.4B | −$5.5B | $18,333 | $17,725 | $7,286 | $3,836 | 9,051,022 | 161.0 | — | — |
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
Revenue and expenditure per capita, in 2025 constant dollars
Adjusted for inflation and population growth: what remains is the real change per person.
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
Budgetary balance, year by year
Consolidated revenue minus expenditure, before deposits to the Generations Fund.
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
Net debt as of 31 March
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
Debt service, year by year
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.