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[]
[]
[null,"QUÉBEC'S BUDGETARY STATISTICS"]
[null,"Québec's Budgetary Statistics – November 2025"]
[]
[]
[null,"Introduction"]
[]
[null,"Accounting changes"]
[]
[null,"Section 1: Revenue and expenditure"]
[null,null,"Summary of consolidated results",1]
[null,null,"Own-source revenue",2]
[null,null,"Consumption taxes",3]
[null,null,"Duties, permits and royalties",4]
[null,null,"Revenue from government enterprises",5]
[null,null,"Federal transfers",6]
[null,null,"Expenditure by departmental portfolio",7]
[null,null,"Debt service",8]
[]
[null,"Section 2: Revenue and expenditure according\nto government's financial organization"]
[null,null,"Summary of results by sector",9]
[null,null,"General Fund",10]
[null,null,"Special funds",11]
[null,null,"Generations Fund",12]
[null,null,"Specified purpose accounts",13]
[null,null,"Non-budget-funded bodies",14]
[null,null,"Health and social services facilities serving northern and Indigenous communities",15]
[null,null,"Bodies in the education network",16]
[null,null,"Bodies in the higher education networks"]
[null,null,"General and vocational colleges",17]
[null,null,"Université du Québec and its constituents",18]
[null,null,"Tax-funded expenditures and consolidation adjustments",19]
[]
[null,"Section 3: Financial transactions"]
[null,null,"Net financial requirements",20]
[null,null,"Supplementary information on financial transactions"]
[null,null,"Non-budgetary transactions",21]
[null,null,"Financing transactions",22]
[]
[null,"Section 4: Debt"]
[null,null,"Debt of the Québec government",23]
[null,null,"Net debt of the Québec government",24]
[null,null,"Debt representing accumulated deficits",25]
[]
[null,"Section 5: Statistics for historical analysis"]
[null,null,"About the statistics for historical analysis","Sec5"]
[null,null,"Summary of consolidated results for historical analysis",26]
[null,null,"Consolidated revenue for historical analysis",27]
[null,null,"Consolidated expenditure for historical analysis",28]
[null,null,"Expenditure by portfolio for historical analysis",29]
[null,null,"Nominal GDP and accounting surplus (deficit)",30]
[null,null,"Note : The data for 2025-2026 and subsequent years are forecasts."]
[]
[null,null,null,"Last update: November 25, 2025"]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["INTRODUCTION"]
[]
["The publication of Québec’s budgetary statistics is an integral part of the government’s budgetary accountability. The main purpose is to facilitate monitoring of the government’s overall revenue and expenditure on a historical basis. In addition, forecasts for fiscal 2025-2026 to 2027-2028 complete the picture of historical trends."]
[]
["These statistics are divided into five sections, that is:"]
[]
["—","revenue and expenditure, which provide a summary of the change in consolidated results;"]
[]
["—","revenue and expenditure according to the government's financial organization, which show the change in results according to the various sectoral components included in the government reporting entity;"]
[]
[null,"—","This section presents information by sector without intersectoral eliminations. As a result, all eliminations of reciprocal transactions between entities in the government’s reporting entity are included in the consolidation adjustments."]
[]
["—","financial transactions, which show the government's treasury and financing transactions;"]
[]
["—","the Québec government's debt;"]
[]
["—","statistics adjusted for historical analysis, including Québec’s gross domestic product (GDP)."]
[]
["The first four sections present the budgetary information as published in the most recent public accounts, but also take into account certain changes made to government accounting over the years."]
[]
["— ","When the impact of an accounting change on the historical statistics as a whole can be determined and is relatively significant, the data published herein are updated. Such situations pertain mainly to changes made to the budgetary structure and to those related to tax-funded expenditures."]
[]
["— ","Conversely, when the impact of an accounting change cannot be determined precisely with reasonable effort, the data are not updated. This gives rise to a break in the continuity of the data that makes it more difficult to interpret the change in data. Therefore, owing to the breaks in data caused by the line-by-line consolidation of the bodies in the health and social services, education and higher education networks in 2009-2010 and by the change in the application of the accounting standard respecting transfer payments retroactively to 2011-2012 judgment must be exercised in comparing the data."]
[]
["The information on revenue and expenditure presented in section 5 does not contain any breaks. Changes in that regard are presented on a comparable basis, that is, they have been adjusted using parametric estimates for the various accounting changes."]
[]
["— ","The method for adjusting the budgetary statistics is presented in the section 5, Sec5 tab, \"Statistics for historical analysis\"."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["ACCOUNTING CHANGES"]
[]
["Owing to the breaks in data caused by the 2009-2010 accounting changes, by the change in the application of the accounting standard respecting transfer payments retroactively to 2011-2012, and by the change in treatment concerning financial instruments in 2022-2023, judgment must be exercised in comparing the data."]
[]
["The 2009-2010 accounting changes"]
[]
["Accounting changes were carried out in 2009-2010. These reforms were designed, in particular, to consolidate line by line the bodies in the health and social services, education and higher education networks."]
[]
["The change in the application of the accounting standard respecting transfer payments retroactive to 2011-2012"]
[]
["In April 2012, a revised accounting standard respecting transfer payments came into effect for the government bodies that apply the Canadian Public Sector Accounting Standards. Under this standard, the government must enter an expenditure in the fiscal year in which the transfer is authorized and the beneficiary meets eligibility criteria."]
[]
["As soon as the revised standard came into effect, the government changed its practice for programs that did not require National Assembly approval for annual appropriations. The government felt that its previous accounting practice was still suitable for programs that needed such approval. That caused a difference of opinion with the Auditor General of Québec (AGQ), who had expressed a qualified opinion in the audits of the government’s financial statements of 2012-2013 to 2019-2020."]
[]
["The government has changed the way the accounting standard is applied in the Public Accounts 2020-2021 in order to comply with the Auditor General’s recommendation. The government’s financial contributions to public infrastructure projects belonging to third parties are now spread over a shorter period than before, i.e. the work period instead of the period for refunding the debt contracted by recipients. That means expenditures are recorded more rapidly."]
[]
["For the purpose of the budgetary statistics presented in this document, the impact of the change on the data presented is considered from 2011-2012 onwards, a year that would have been retroactively restated if the government had applied the standard to all of its programs upon its entry into force."]
[]
["Adoption of accounting standard on asset retirement obligations"]
[]
["On April 1, 2022, the government applied accounting standard PS 3280, Asset Retirement Obligations (AROs), on a modified retroactive basis. Under this standard, a liability must now be recognized as soon as the government acquires or constructs a capital asset for which it has a legal obligation to incur costs to retire it permanently. Previously, these costs were recognized in the year in which the capital assets were retired."]
[]
["As this standard must be applied retroactively, the data included in the budgetary statistics have been modified for all the years presented."]
[]
["Change in treatment concerning financial instruments"]
[]
["On April 1, 2022, the government prospectively applied accounting standards PS 1201, Financial Statement Presentation, PS 2601, Foreign Currency Translation, PS 3041, Portfolio Investments, and PS 3450, Financial Instruments. These new standards set out requirements for the recognition, measurement and presentation of foreign currency transactions, portfolio investments and other financial instruments."]
[]
["As these standards must be applied prospectively, the data presented in the budgetary statistics are affected by these standards as of fiscal 2022-2023."]
[]
["Complete information on each accounting reform or change can be consulted in the government’s annual public accounts."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["1. Revenue and expenditure"]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 1"]
[]
["Summary of consolidated results"]
["(millions of dollars)"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stabilization reserve(1)"]
[null,null,null,"Own-source \nrevenue",null,"Federal\ntransfers",null,"Consolidated\nrevenue","Portfolio\nexpenditures","(2)","Debt\nservice ","Consolidated\nexpenditure","Contingency reserve","Accounting surplus\n(deficit)","(3)","Gap to be bridged","Deposits of\ndedicated revenues in the\nGenerations Fund","Accounting\nchanges\nand other","(4)","Budgetary balance within the meaning of the Act",null,"Allocations",null,"Uses",null,"Budgetary\nbalance within\nthe meaning of\nthe Act after\nreserve","(5),(6)"]
["2027-2028",null,null,138177,null,32088,null,170265,-161669,null,-11281,-172950,-1500,-4185,null,1000,-2510,0,null,-5695,null,null,null,null,null,-5695]
["2026-2027",null,null,132543,null,32077,null,164620,-159486,null,-10283,-169769,-2000,-7149,null,0,-2379,0,null,-9528,null,null,null,null,null,-9528]
["2025-2026",null,null,127541,null,31194,null,158735,-156435,null,-10198,-166633,-2000,-9898,null,0,-2461,0,null,-12359,null,null,null,null,null,-12359]
["2024-2025",null,null,125590,null,30498,null,156088,-151294,null,-9969,-161263,null,-5175,null,null,-2397,0,null,-7572,null,null,null,null,null,-7572]
["2023-2024",null,null,114665,null,30876,null,145541,-141553,null,-9982,-151535,null,-5994,null,null,-2047,0,null,-8041,null,null,null,null,null,-8041]
["2022-2023",null,null,115506,null,28737,null,144243,-137147,null,-10222,-147369,null,-3126,null,null,-3082,124,null,-6084,null,null,null,449,null,-5635]
["2021-2022",null,null,109655,null,29184,null,138839,-127468,null,-8804,-136272,null,2567,null,null,-3617,278,null,-772,null,null,null,772,null,0]
["2020-2021",null,null,91984,null,30716,null,122700,-119230,null,-7848,-127078,null,-4378,null,null,-3313,-3069,null,-10760,"(7)",null,null,10760,null,0]
["2019-2020",null,null,91746,null,25228,null,116974,-107294,"(8)",-7835,-115129,null,1845,null,null,-2606,765,null,4,null,-4,null,null,null,0]
["2018-2019",null,null,91644,null,23120,null,114764,-98209,null,-8880,-107089,null,7675,null,null,-3477,605,null,4803,null,-4803,null,null,null,0]
["2017-2018",null,null,85938,null,22485,null,108423,-96243,null,-9376,-105619,null,2804,null,null,-2293,2111,null,2622,null,-2622,null,null,null,0]
["2016-2017",null,null,82916,null,20179,null,103095,-89612,null,-9539,-99151,null,3944,null,null,-2001,418,null,2361,null,-2361,null,null,null,0]
["2015-2016",null,null,81270,null,18901,null,100171,-86778,null,-10124,-96902,null,3269,null,null,-1453,375,null,2191,null,-2191,null,null,null,0]
["2014-2015",null,null,77450,null,18539,null,95989,-86373,null,-10346,-96719,null,-730,null,null,-1279,1284,null,-725,null,null,null,null,null,-725]
["2013-2014",null,null,74805,null,18550,null,93355,-84942,null,-10672,-95614,null,-2259,null,null,-1121,556,null,-2824,null,null,null,null,null,-2824]
["2012-2013",null,null,70370,"(9)",17517,null,87887,-81343,null,-9869,-91212,null,-3325,null,null,-961,2686,"(10)",-1600,null,null,null,null,null,-1600]
["2011-2012",null,null,69231,null,17115,null,86346,-79371,null,-9472,-88843,null,-2497,null,null,-840,709,null,-2628,null,null,null,null,null,-2628]
["Before the change in the application of the accounting standard respecting transfer payments"]
["2010-2011",null,null,65437,null,17493,null,82930,-76484,null,-8985,-85469,null,-2539,null,null,-760,149,null,-3150,null,null,null,null,null,-3150]
["2009-2010",null,null,61546,null,17110.000000000004,null,78656,-73850,null,-7909,-81759,null,-3103,null,null,-725,221,null,-3607,null,null,null,433,null,-3174]
["Without line-by-line consolidation of the networks(11)"]
["2008-2009",null,null,58185,null,15081,null,73266,-66565,null,-8131,-74696,null,-1430,null,null,-587,172,null,-1845,null,-109,"(12)",1845,"(13)",0]
["2007-2008",null,null,58433,null,14733,null,73166,-62930,null,-8752,-71682,null,1484,null,null,-449,166,null,1201,null,-1201,null,0,"(13)",0]
["2006-2007",null,null,57696,null,11970,null,69666,-59096,null,-8723,-67819,null,1847,null,null,-584,146,null,1409,null,-1300,null,null,null,109]
["(1)","An Act respecting the implementation of certain provisions of the Budget Speech of 21 March 2023 and amending other provisions (S.Q. 2023, c. 30), assented to on December 7, 2023, contains amendments to the Balanced Budget Act, including the elimination of the stabilization reserve as of 2023-2024."]
["(2)","As of 2011-2012, portfolio expenditures include the impact of the change in the application of the accounting standard respecting transfer payments."]
["(3)","The accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(4)","The budgetary balance within the meaning of the Balanced Budget Act does not include accounting entries made directly to accumulated deficits resulting from the retroactive effect of a new CPA Canada accounting standard, for the years preceding the year of its implementation as recommended by CPA Canada."]
["(5)","For years prior to 2009-2010, the budgetary balance does not take into account the changes made to the mechanics of the reserve by the Act to amend the Balanced Budget Act and various legislative provisions concerning the implementation of the accounting reform (S.Q. 2009, c. 38). As of 2009-2010, the data take the impact of the Act into account. "]
["(6)","The budgetary balance within the meaning of the Balanced Budget Act after reserve corresponds to the budgetary balance that takes into account allocations to the stabilization reserve and uses of it in order to maintain a balanced budget or reduce the budgetary deficit."]
["(7)","In accordance with the Balanced Budget Act, the budget balance for 2020-2021 must be determined taking into account amounts posted to the accumulated deficit as at April 1, 2020 that relate to fiscal years 2015-2016 to 2019-2020 because of the change in application of the accounting standard respecting transfer payments ($3 221 million). The provisions of this Act did not apply to fiscal years prior to 2015-2016. The budget balance for operations, that is, excluding this amount posted to the accumulated deficit, is in deficit by $7 539 million in 2020-2021."]
["(8)","The expenditures in 2019-2020 include the loss of $1 037 million on the investment in the Airbus Canada Limited Partnership."]
["(9)","Revenue includes Hydro-Québec’s extraordinary loss of $1 876 million stemming from the closure of the Gentilly-2 nuclear power plant in 2012-2013."]
["(10)","The Balanced Budget Act stipulates that the budgetary balance for fiscal year 2012-2013 must be determined by excluding the result, shown in Hydro-Québec’s annual consolidated financial statements, from activities abandoned following the decision to close the Gentilly-2 nuclear power plant in the amount of $1 876 million."]
["(11)","From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services, education and higher education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the network bodies are consolidated line by line, like those of non-budget-funded bodies and special funds."]
["(12)","In accordance with section 32 of the Act to amend the Balanced Budget Act and various legislative provisions concerning the implementation of the accounting reform (S.Q. 2009, c. 38), the sum of $109 million, corresponding to the difference between the surplus recorded and the surplus anticipated for 2006-2007, was allocated to the stabilization reserve in 2008-2009."]
["(13)","In addition to the use of $1 845 million in 2008-2009 to maintain a balanced budget, deposits of $132 million in 2008-2009 and $200 million in 2007-2008 were made in the Generations Fund using the stabilization reserve."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 2"]
[]
["Own-source revenue"]
["(millions of dollars)"]
[null,null,"Personal\nincome tax","Contributions for\nhealth services","Corporate\ntaxes","School\nproperty tax","(1)","Consumption\ntaxes","Duties, permits and royalties","Miscellaneous\nrevenue","Revenue from government\nenterprises",null,"Total"]
["2027-2028",null,51387,9579,14496,1531,null,30630,7148,16134,7272,null,138177]
["2026-2027",null,49601,9297,13663,1378,null,29662,6849,15704,6389,null,132543]
["2025-2026",null,47838,9082,13552,1255,null,28821,6040,15511,5442,null,127541]
["2024-2025",null,45689,8852,13344,1196,null,28377,6191,16252,5689,null,125590]
["2023-2024",null,41863,8533,11402,1150,null,27083,6034,13359,5241,null,114665]
["2022-2023",null,42251,7914,13243,1113,null,26597,5925,11843,6620,null,115506]
["2021-2022",null,40924,7402,12926,1076,null,24597,6296,10474,5960,null,109655]
["2020-2021",null,34998,6398,8951,1156,null,21377,4900,9713,4491,null,91984]
["2019-2020",null,33814,6522,8607,1539,null,21348,4760,10737,4419,null,91746]
["2018-2019",null,31773,6359,9183,1853,null,21001,4599,11328,5548,null,91644]
["2017-2018",null,29528,6221,8142,2243,null,20329,4240,10142,5093,null,85938]
["2016-2017",null,29231,5969,7480,2169,null,19292,3516,10360,4899,null,82916]
["2015-2016",null,28753,6614,7016,2090,null,18540,4040,9204,5013,null,81270]
["2014-2015",null,27547,6397,5837,1954,null,17703,3380,9225,5407,null,77450]
["2013-2014",null,26203,6251,5625,1786,null,17411,3088,9199,5242,null,74805]
["2012-2013",null,25070,6391,6100,1577,null,16125,2890,8985,3232,"(2)",70370]
["2011-2012",null,24496,5776,5822,1526,null,15565,2942,8355,4749,null,69231]
["2010-2011",null,23067,5196,5835,1492,null,13952,2799,8258,4838,null,65437]
["2009-2010",null,21567,4788,5554,1469,null,12678,2496,8116,4878,null,61546]
["Without line-by-line consolidation of the networks(3)"]
["2008-2009",null,21841,5473,5866,null,null,12827,2300,4865,5013,null,58185]
["2007-2008",null,22409,5251,6314,null,null,12391,2020,5023,5025,null,58433]
["2006-2007",null,22128,4903,6225,null,null,12123,1665,4435,6217,null,57696]
["(1)","As the school property tax is part of the revenue of the bodies in the education network, it has been included in the government’s consolidated financial statements only since the line-by-line consolidation of the network bodies, in 2009-2010."]
["(2)","Revenue includes Hydro-Québec’s extraordinary loss of $1 876 million stemming from the closure of the Gentilly-2 nuclear power plant in 2012-2013."]
["(3)","From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services, education and higher education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the network bodies are consolidated line by line, like those of non-budget-funded bodies and special funds."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 3"]
[]
["Consumption taxes"]
["(millions of dollars)"]
[null,null,"Sales\ntaxes",null,"Fuel","Tobacco\nproducts",null,"Alcoholic\nbeverages",null,"Others",null,null,null,null,null,"Total"]
[null,null,null,null,null,null,null,null,null,"Cannabis","(1)","Vaping","(2)","Pari-mutuel"]
["2027-2028",null,26973,null,2096,808,null,592,null,112,null,47,null,2,null,30630]
["2026-2027",null,25979,null,2110,824,null,589,null,111,null,47,null,2,null,29662]
["2025-2026",null,25131,null,2107,840,null,587,null,107,null,47,null,2,null,28821]
["2024-2025",null,24650,null,2135,853,null,596,null,112,null,30,null,1,null,28377]
["2023-2024",null,23306,null,2157,912,null,618,null,88,null,null,null,2,null,27083]
["2022-2023",null,22909,null,2157,817,null,635,null,77,null,null,null,2,null,26597]
["2021-2022",null,20892,null,2090,893,null,638,null,82,null,null,null,2,null,24597]
["2020-2021",null,17793,null,1916,971,null,619,null,77,null,null,null,1,null,21377]
["2019-2020",null,17536,null,2206,938,null,637,null,29,null,null,null,2,null,21348]
["2018-2019",null,17115,null,2247,995,null,634,null,8,null,null,null,2,null,21001]
["2017-2018",null,16445,null,2234,1014,null,634,null,null,null,null,null,2,null,20329]
["2016-2017",null,15286,null,2336,1045,null,623,null,null,null,null,null,2,null,19292]
["2015-2016",null,14515,null,2306,1083,null,634,null,null,null,null,null,2,null,18540]
["2014-2015",null,13819,null,2215,1069,null,598,null,null,null,null,null,2,null,17703]
["2013-2014",null,13538,null,2310,1010,null,551,null,null,null,null,null,2,null,17411]
["2012-2013",null,12587,null,2150,907,null,480,null,null,null,null,null,1,null,16125]
["2011-2012",null,12148,null,2064,913,null,440,null,null,null,null,null,null,null,15565]
["2010-2011",null,10723,null,1910,873,null,446,null,null,null,null,null,null,null,13952]
["2009-2010",null,9788,null,1698,754,null,433,null,null,null,null,null,5,null,12678]
["Without line-by-line consolidation of the networks(3)"]
["2008-2009",null,10041,null,1692,654,null,430,null,null,null,null,null,10,null,12827]
["2007-2008",null,9545,null,1707,707,null,421,null,null,null,null,null,11,null,12391]
["2006-2007",null,9215,null,1728,758,null,422,null,null,null,null,null,null,null,12123]
["(1)","This is Québec’s component of the excise duty on cannabis sales."]
["(2)","This is Québec’s component of the excise duty on vaping products."]
["(3)","From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services, education and higher education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the network bodies are consolidated line by line, like those of non-budget-funded bodies and special funds."]

{"sheet":"4","index":7,"n_rows":36,"n_cols":11,"rows_kept":36,"cut":false,"hidden":false,"merged":[[35,1,35,10],[31,1,31,10],[32,1,32,10],[33,1,33,10],[34,1,34,10],[25,0,25,1],[28,0,28,1],[29,0,29,1],[30,0,30,1],[26,0,26,1],[20,0,20,1],[21,0,21,1],[22,0,22,1],[23,0,23,1],[24,0,24,1],[19,0,19,1],[6,0,6,10],[7,0,7,1],[10,0,10,1],[11,0,11,1],[12,0,12,1],[13,0,13,1],[14,0,14,1],[15,0,15,1],[16,0,16,1],[17,0,17,1],[18,0,18,1],[9,0,9,1],[8,0,8,1],[5,0,5,10],[0,0,0,10],[1,0,1,10],[2,0,2,10],[3,0,3,10],[4,0,4,10]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 4"]
[]
["Duties, permits and royalties"]
["(millions of dollars)"]
[null,null,"Motor\nvehicles","(1)","Natural \nresources","(2)","Greenhouse\ngas emissions","(3)","Others","(4)","Total"]
["2027-2028",null,2273,null,1822,null,1797,null,1256,null,7148]
["2026-2027",null,2139,null,1727,null,1773,null,1210,null,6849]
["2025-2026",null,2072,null,1600,null,1208,null,1160,null,6040]
["2024-2025",null,2055,null,1667,null,1329,null,1140,null,6191]
["2023-2024",null,1890,null,1594,null,1549,null,1001,null,6034]
["2022-2023",null,1757,null,2006,null,1267,null,895,null,5925]
["2021-2022",null,1764,null,2371,null,1299,null,862,null,6296]
["2020-2021",null,1700,null,1778,null,635,null,787,null,4900]
["2019-2020",null,1615,null,1392,null,997,null,756,null,4760]
["2018-2019",null,1580,null,1410,null,863,null,746,null,4599]
["2017-2018",null,1533,null,1240,null,785,null,682,null,4240]
["2016-2017",null,1466,null,1158,null,267,null,625,null,3516]
["2015-2016",null,1404,null,1195,null,858,null,583,null,4040]
["2014-2015",null,1263,null,1144,null,402,null,571,null,3380]
["2013-2014",null,1264,null,1051,null,217,null,556,null,3088]
["2012-2013",null,1181,null,977,null,200,null,532,null,2890]
["2011-2012",null,1167,null,1042,null,0,null,733,null,2942]
["2010-2011",null,1111,null,980,null,0,null,708,null,2799]
["2009-2010",null,1063,null,783,null,0,null,650,null,2496]
["Without line-by-line consolidation of the networks(5)"]
["2008-2009",null,1120,null,645,null,0,null,535,null,2300]
["2007-2008",null,1093,null,499,null,null,null,428,null,2020]
["2006-2007",null,1087,null,284,null,0,null,294,null,1665]
["(1)","These revenues mainly include fees for driver's licences and vehicle registrations."]
["(2)","Corresponds primarily to revenues from mining, forest and water-power royalties."]
["(3)","These revenues are those that stem from the carbon market (cap-and-trade system for greenhouse gas emission allowances)."]
["(4)","Other duties, permits and royalties include, in particular, those of the Régie du bâtiment du Québec and the Autorité des marchés financiers (contributions, premiums, permits, licences, etc.) as well as royalties for the elimination of residual materials."]
["(5)","From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services, education and higher education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the network bodies are consolidated line by line, like those of non-budget-funded bodies and special funds."]

{"sheet":"5","index":8,"n_rows":33,"n_cols":11,"rows_kept":33,"cut":false,"hidden":false,"merged":[[16,0,16,1],[9,0,9,1],[14,0,14,1],[15,0,15,1],[20,0,20,1],[17,0,17,1],[18,0,18,1],[29,0,29,1],[30,1,30,10],[31,1,31,10],[32,1,32,10],[19,0,19,1],[21,0,21,1],[22,0,22,1],[27,0,27,1],[23,0,23,1],[24,0,24,1],[25,0,25,1],[26,0,26,1],[28,0,28,1],[0,0,0,10],[1,0,1,10],[2,0,2,10],[3,0,3,10],[4,0,4,10],[5,0,5,10],[6,0,6,10],[7,0,7,1],[12,0,12,1],[13,0,13,1],[11,0,11,1],[10,0,10,1],[8,0,8,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 5"]
[]
["Revenue from government enterprises"]
["(millions of dollars)"]
[null,null,"Hydro-Québec",null,"Loto-Québec","Société des\nalcools du\nQuébec","Investissement Québec","Société québécoise du cannabis","Other","(1)","Total"]
["2027-2028",null,3670,null,1664,1420,343,154,21,null,7272]
["2026-2027",null,2925,null,1578,1420,303,147,16,null,6389]
["2025-2026",null,2125,null,1517,1408,242,128,22,null,5442]
["2024-2025",null,2625,null,1515,1401,11,118,19,null,5689]
["2023-2024",null,2027,null,1508,1428,121,104,53,null,5241]
["2022-2023",null,3665,null,1597,1427,-226,95,62,null,6620]
["2021-2022",null,3059,null,1118,1349,341,76,17,null,5960]
["2020-2021",null,1776,null,433,1219,987,67,9,null,4491]
["2019-2020",null,1959,null,1328,1226,-130,26,10,null,4419]
["2018-2019",null,2768,null,1383,1147,247,0,3,null,5548]
["2017-2018",null,2414,null,1310,1114,266,null,-11,null,5093]
["2016-2017",null,2412,null,1206,1086,208,null,-13,null,4899]
["2015-2016",null,2680,null,1202,1067,68,null,-4,null,5013]
["2014-2015",null,3245,null,1026,1034,96,null,6,null,5407]
["2013-2014",null,3145,null,1055,1003,38,null,1,null,5242]
["2012-2013",null,919,"(2)",1194,1030,92,null,-3,null,3232]
["2011-2012",null,2545,null,1196,1000,12,null,-4,null,4749]
["2010-2011",null,2478,null,1247,915,null,null,198,null,4838]
["2009-2010",null,2978,null,1252,867,null,null,-219,null,4878]
["2008-2009",null,3095,null,1375,808,null,null,-265,null,5013]
["2007-2008",null,2926,null,1360,761,null,null,-22,null,5025]
["2005-2006",null,4043,"(3)",1391,710,null,null,73,null,6217]
["(1)","Other government enterprises are the Société ferroviaire et portuaire de Pointe-Noire S.E.C., the Capital Financière agricole inc., the Société du parc industriel et portuaire de Bécancour, and the Fonds d'investissement Eurêka S.E.C. For 2010-2011 and the years before, other government enterprises include the Société générale de financement du Québec."]
["(2)","Revenue includes Hydro-Québec’s extraordinary loss of $1 876 million stemming from the closure of the Gentilly-2 nuclear power plant in 2012-2013."]
["(3)","Revenue from Hydro-Québec in 2006-2007 includes major gains on the disposal of investments it held in foreign businesses."]

{"sheet":"6","index":9,"n_rows":33,"n_cols":9,"rows_kept":33,"cut":false,"hidden":false,"merged":[[29,0,29,2],[30,0,30,2],[5,0,5,8],[6,0,6,8],[11,0,11,2],[23,0,23,2],[24,0,24,2],[9,0,9,2],[8,0,8,2],[26,0,26,2],[0,0,0,8],[1,0,1,8],[2,0,2,8],[3,0,3,8],[4,0,4,8],[31,1,31,8],[32,1,32,8],[7,0,7,2],[12,0,12,2],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[17,0,17,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[22,0,22,2],[25,0,25,2],[28,0,28,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 6"]
[]
["Federal transfers"]
["(millions of dollars)"]
[null,null,null,"Equalization","Health\ntransfers","Transfers for\npost-secondary\neducation and\nother social\nprograms","Other\n programs",null,"Total"]
["2027-2028",null,null,14203,9406,1407,7072,null,32088]
["2026-2027",null,null,13856,9259,1403,7559,null,32077]
["2025-2026",null,null,13567,8793,1370,7464,null,31194]
["2024-2025",null,null,13316,8432,1350,7400,null,30498]
["2023-2024",null,null,14037,8714,1451,6674,null,30876]
["2022-2023",null,null,13666,7082,1294,6695,null,28737]
["2021-2022",null,null,13119,8203,1529,6333,null,29184]
["2020-2021",null,null,13253,6800,1590,9073,null,30716]
["2019-2020",null,null,13124,6617,1542,3945,null,25228]
["2018-2019",null,null,11732,6306,1596,3486,null,23120]
["2017-2018",null,null,11081,6096,1648,3660,null,22485]
["2016-2017",null,null,10030,5946,1635,2568,null,20179]
["2015-2016",null,null,9521,5487,1542,2351,null,18901]
["2014-2015",null,null,9286,5282,1588,2383,null,18539]
["2013-2014",null,null,7833,5290,1534,3893,"(1)",18550]
["2012-2013",null,null,7391,4792,1486,3848,"(1)",17517]
["2011-2012",null,null,7815,4511,1488,3301,"(1)",17115]
["2010-2011",null,null,8552,4309,1455,3177,null,17493]
["2009-2010",null,null,8355,4148,1461,3146,null,17110]
["Without line-by-line consolidation of the networks(2)"]
["2008-2009",null,null,8028,3740,1267,2046,null,15081]
["2007-2008",null,null,7160,3925,1516,2132,null,14733]
["2006-2007",null,null,5539,3649,1070,1712,null,11970]
["(1)","Revenue from other programs includes compensation for harmonization of the QST with the GST, totalling $1 467 million in 2013-2014 and $733 million in 2012-2013, as well as protection payments of $362 million in 2012-2013 and $369 million in 2011-2012."]
["(2)","From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services, education and higher education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the network bodies are consolidated line by line, like those of non-budget-funded bodies and special funds."]

{"sheet":"7","index":10,"n_rows":24,"n_cols":13,"rows_kept":24,"cut":false,"hidden":false,"merged":[[0,0,0,12],[14,0,14,1],[1,0,1,12],[2,0,2,12],[3,0,3,12],[4,0,4,12],[5,0,5,12],[6,0,6,12],[7,0,7,1],[11,0,11,1],[12,0,12,1],[13,0,13,1],[10,0,10,1],[8,0,8,1],[9,0,9,1],[27,1,27,12],[15,0,15,1],[16,0,16,1],[17,0,17,1],[25,1,25,12],[26,1,26,12],[24,1,24,12],[23,0,23,1],[18,0,18,1],[19,0,19,1],[20,0,20,1],[21,0,21,1],[22,0,22,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 7"]
[]
["Expenditure by departmental portfolio"]
["(millions of dollars)"]
[null,null,"Santé et\nServices\nsociaux","Éducation","Enseignement\nsupérieur","Famille","Transports et \nMobilité\n durable","Emploi et\nSolidarité\nsociale","Affaires\nmunicipales\net Habitation","Économie,\nInnovation\net Énergie","Environnement,\nLutte contre les \nchangements\nclimatiques,\nFaune et Parcs","Other\nportfolios","Total"]
["2027-2028",null,-68362,-24466,-11548,-9915,-8403,-5414,-4934,-3535,-2288,-22804,-161669]
["2026-2027",null,-66939,-23806,-11262,-9941,-8506,-5683,-5245,-4363,-2260,-21481,-159486]
["2025-2026",null,-65799,-23384,-11280,-9746,-7508,-5845,-5730,-4451,-2005,-20687,-156435]
["2024-2025",null,-64195,-23352,-11383,-9015,-7684,-5707,-4913,-4709,-2181,-18155,-151294]
["2023-2024",null,-61000,-20058,-10476,-8917,-6700,-5728,-4914,-3830,-2431,-17499,-141553]
["2022-2023",null,-59341,-19511,-9655,-7835,-6400,-8983,-4936,-3280,-1673,-15533,-137147]
["2021-2022",null,-56601,-17414,-8747,-7277,-6966,-8389,-3548,-3064,-1727,-13735,-127468]
["2020-2021",null,-53649,-16547,-8336,-6794,-6416,-4778,-3926,-3458,-1203,-14123,-119230]
["2019-2020",null,-44437,-15873,-8302,-6393,-5670,-4872,-3305,-4300,-1032,-13110,-107294]
["2018-2019",null,-41746,-14890,-7873,-5780,-5314,-4720,-2861,-2666,-1114,-11245,-98209]
["2017-2018",null,-40369,-14218,-7581,-5625,-6744,-4600,-2986,-2220,-941,-10959,-96243]
["2016-2017",null,-39029,-13807,-7156,-5347,-3890,-4615,-2492,-2381,-613,-10282,-89612]
["2015-2016",null,-37634,-13056,-7042,-5462,-3879,-4495,-2357,-2254,-399,-10200,-86778]
["2014-2015",null,-37024,-13125,-6767,-5457,-4287,-4608,-2526,-2619,-408,-9552,-86373]
["2013-2014",null,-35827,-12785,-7217,-5322,-3478,-4665,-2597,-1961,-600,-10490,-84942]
["2012-2023",null,-33940,-12105,-6644,-5147,-3203,-4597,-2519,-2194,-648,-10346,-81343]

{"sheet":"8","index":11,"n_rows":34,"n_cols":8,"rows_kept":34,"cut":false,"hidden":false,"merged":[[20,0,20,1],[22,0,22,1],[21,0,21,1],[19,0,19,1],[13,0,13,1],[14,0,14,1],[15,0,15,1],[18,0,18,1],[12,0,12,1],[16,0,16,1],[11,0,11,1],[10,0,10,1],[17,0,17,1],[32,1,32,7],[31,1,31,7],[33,1,33,7],[23,0,23,1],[24,0,24,1],[25,0,25,1],[28,0,28,1],[29,0,29,1],[26,0,26,1],[30,0,30,1],[0,0,0,7],[1,0,1,7],[2,0,2,7],[3,0,3,7],[4,0,4,7],[5,0,5,7],[6,0,6,7],[7,0,7,1],[8,0,8,1],[9,0,9,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 8"]
[]
["Debt service"]
["(millions of dollars, unless otherwise indicated)"]
[null,null,"Interest on the direct\ndebt","(1)","Interest on the liability\nfor the retirement plans\nand other employee\nfuture benefits","(2)","Total","% of\nconsolidated\nrevenue"]
["2027-2028",null,-12183,null,902,null,-11281,"6.6"]
["2026-2027",null,-11072,null,789,null,-10283,"6.2"]
["2025-2026",null,-10634,null,436,null,-10198,"6.4"]
["2024-2025",null,-9836,null,-133,null,-9969,"6.4"]
["2023-2024",null,-9854,null,-128,null,-9982,"6.9"]
["2022-2023",null,-9834,null,-388,null,-10222,"7.1"]
["2021-2022",null,-8234,null,-570,null,-8804,"6.3"]
["2020-2021",null,-6963,null,-885,null,-7848,"6.4"]
["2019-2020",null,-6928,null,-907,null,-7835,"6.7"]
["2018-2019",null,-7589,null,-1291,null,-8880,"7.7"]
["2017-2018",null,-7627,null,-1749,null,-9376,"8.6"]
["2016-2017",null,-7335,null,-2204,null,-9539,"9.3"]
["2015-2016",null,-7393,null,-2731,null,-10124,"10.1"]
["2014-2015",null,-7186,null,-3160,null,-10346,"10.8"]
["2013-2014",null,-7291,null,-3381,null,-10672,"11.4"]
["2012-2013",null,-6793,null,-3076,null,-9869,"11.2"]
["2011-2012",null,-6661,null,-2811,null,-9472,"11.0"]
["2010-2011",null,-6283,null,-2702,null,-8985,"10.8"]
["2009-2010",null,-5537,null,-2372,null,-7909,"10.1"]
["Without line-by-line consolidation of the networks(3)"]
["2008-2009",null,-5988,null,-2143,null,-8131,"11.1"]
["2007-2008",null,-6266,null,-2486,null,-8752,"12.0"]
["2006-2007",null,-6030,null,-2693,null,-8723,"12.5"]
["(1)","Interest on the direct debt includes, among other things, the income of the Sinking Fund for Government Borrowing. This income, which is deducted from debt service, consists of interest generated on investments as well as gains and losses on disposal. The forecast for this income may be adjusted upwards or downwards since it is closely tied to the change in interest rates and market behaviour."]
["(2)","This interest corresponds to interest on the obligations relating to the retirement plans and other future benefits of public and parapublic sector employees, less the investment income of the Retirement Plans Sinking Fund, individual funds and funds dedicated to other employee future benefits."]
["(3)","From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services, education and higher education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the network bodies are consolidated line by line, like those of non-budget-funded bodies and special funds."]

{"sheet":"Sec2","index":12,"n_rows":4,"n_cols":1,"rows_kept":4,"cut":false,"hidden":false,"merged":[[0,0,0,3],[3,0,3,16383]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["2. Revenue and expenditure according to\n2. government's financial organization"]

{"sheet":"9","index":13,"n_rows":49,"n_cols":12,"rows_kept":49,"cut":false,"hidden":false,"merged":[[39,0,39,2],[40,0,40,2],[38,0,38,2],[41,2,41,11],[27,0,27,2],[28,0,28,2],[33,0,33,2],[34,0,34,2],[35,0,35,2],[36,0,36,2],[37,0,37,2],[32,0,32,2],[29,0,29,2],[30,0,30,2],[31,0,31,2],[47,1,47,11],[46,1,46,11],[45,1,45,11],[44,1,44,11],[42,1,42,11],[43,1,43,11],[9,0,9,2],[10,0,10,2],[11,0,11,2],[26,0,26,2],[15,0,15,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[16,0,16,2],[17,0,17,2],[18,0,18,2],[48,1,48,11],[0,0,0,11],[2,0,2,9],[3,0,3,9],[4,0,4,9],[1,0,1,11],[5,0,5,11],[22,0,22,2],[23,0,23,2],[24,0,24,2],[25,0,25,2],[12,0,12,2],[13,0,13,2],[14,0,14,2],[6,0,6,9],[8,0,8,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 9"]
[]
["Summary of results by sector"]
["(millions of dollars)"]
[null,null,null,"2018-2019","2019-2020","2020-2021","2021-2022",null,"2022-2023",null,"2023-2024","2024-2025"]
["Revenue"]
["General Fund",null,null,87269,89171,96111,106020,null,109204,null,111612,121540]
["Special funds",null,null,14683,17518,19050,26156,"(1)",21653,null,23464,24912]
["Generations Fund",null,null,3477,2606,3313,3617,null,3082,null,2047,2797]
["Specified purpose accounts",null,null,1219,1915,1171,1961,null,1422,null,1442,1574]
["Non-budget-funded bodies(2)",null,null,51949,54299,62656,68058,null,69688,"(3)",74215,78661]
["Health and social services facilities serving northern and Indigenous communities",null,null,627,693,864,1348,null,1033,null,1150,1367]
["Bodies in the education network",null,null,13750,14518,15082,16063,null,20080,"(3)",19098,20682]
["Bodies in the higher education networks"]
["General and vocational colleges",null,null,2581,2831,2843,3000,null,3286,"(3)",3480,3821]
["Université du Québec and its constituents",null,null,1749,1821,1805,1940,null,2207,null,2339,2430]
["Tax-funded transfers(4)",null,null,6870,7815,7389,11623,null,13461,null,11736,11766]
["Consolidation adjustments(5)",null,null,-69410,-76213,-87584,-100947,"(1)",-100873,"(3)",-105042,-113462]
["Consolidated revenue",null,null,114764,116974,122700,138839,null,144243,null,145541,156088]
["Expenditure"]
["General Fund",null,null,-76535,-86683,-102109,-113586,"(1)",-117792,"(3)",-118106,-127714]
["Special funds",null,null,-12228,-14784,-15904,-16736,null,-17480,null,-19067,-20944]
["Specified purpose accounts",null,null,-1219,-1915,-1171,-1961,null,-1422,null,-1442,-1574]
["Non-budget-funded bodies(2)",null,null,-50855,-53456,-61792,-66659,null,-66238,null,-73967,-77797]
["Health and social services facilities serving northern and Indigenous communities",null,null,-598,-680,-813,-1326,null,-1002,null,-1165,-1311]
["Bodies in the education network",null,null,-13346,-14102,-14520,-15439,null,-16898,null,-17880,-20646]
["Bodies in the higher education networks"]
["General and vocational colleges",null,null,-2496,-2681,-2698,-2861,null,-3069,null,-3312,-3674]
["Université du Québec and its constituents",null,null,-1639,-1724,-1702,-1888,null,-2076,null,-2282,-2459]
["Tax-funded expenditures(4)",null,null,-6870,-7815,-7389,-11623,null,-13461,null,-11736,-11766]
["Consolidation adjustments(5)",null,null,67577,76546,88868,104611,"(1)",102291,"(3)",107404,116591]
["Portfolio expenditures",null,null,-98209,-107294,-119230,-127468,null,-137147,null,-141553,-151294]
["Debt service"]
["General Fund",null,null,-6665,-5474,-5438,-6404,null,-7272,null,-6821,-6999]
["Consolidated entities(6)",null,null,-2215,-2361,-2410,-2400,null,-2950,null,-3161,-2970]
["Consolidated debt service",null,null,-8880,-7835,-7848,-8804,null,-10222,null,-9982,-9969]
["Consolidated expenditure",null,null,-107089,-115129,-127078,-136272,null,-147369,null,-151535,-161263]
["ACCOUNTING SURPLUS (DEFICIT)(7)",null,null,7675,1845,-4378,2567,null,-3126,null,-5994,-5175]
["Note:",null,"The impact of the change in the application of the accounting standard respecting transfer payments before consolidation adjustments cannot be determined with reasonable effort for the years prior to 2019-2020. As a result, for these previous years, the data presented by sector only include the consolidated impact of this change."]
["(1)","Special funds revenue takes into account an amount to finance the 2020-2021 expenditure and investment surpluses related to the change in the application of the accounting standard respecting transfer payments. Consequently, General Fund expenditure and consolidation adjustments also take this amount into account."]
["(2)","Following the creation of Santé Québec, historical data for bodies in the health and social services network are now presented in the non-budget-funded bodies, with the exception of health and social services facilities serving northern and Indigenous communities."]
["(3)","Revenues from non-budget-funded bodies, the education network and general and vocational colleges take into account financial compensation inherent to expenditures incurred prior to 2022-2023 in connection with asset retirement obligations. Consequently, General Fund expenditure and consolidation adjustments also take this amount into account."]
["(4)","These amounts include doubtful tax accounts."]
["(5)","The consolidation adjustments stem mainly from the elimination of reciprocal transactions between entities in the government’s reporting entity."]
["(6)","The debt service of consolidated entities includes consolidation adjustments."]
["(7)","The accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]

{"sheet":"10","index":14,"n_rows":34,"n_cols":11,"rows_kept":34,"cut":false,"hidden":false,"merged":[[33,1,33,10],[32,1,32,10],[29,1,29,10],[27,0,27,1],[28,1,28,10],[30,1,30,10],[31,1,31,10],[0,0,0,10],[1,0,1,10],[2,0,2,10],[3,0,3,10],[4,0,4,10],[8,0,8,1],[11,0,11,1],[5,0,5,10],[6,0,6,10],[7,0,7,1],[10,0,10,1],[9,0,9,1],[25,0,25,1],[26,0,26,1],[12,0,12,1],[13,0,13,1],[14,0,14,1],[16,0,16,1],[17,0,17,1],[18,0,18,1],[19,0,19,1],[20,0,20,1],[15,0,15,1],[21,0,21,1],[23,0,23,1],[24,0,24,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 10"]
[]
["General Fund"]
["(millions of dollars)"]
[null,null,"Own-source\nrevenue","(1),(2)","Federal\ntransfers",null,"Total\nrevenue","Program\nspending",null,"Debt\nservice","Total\nexpenditure"]
["2024-2025",null,93890,null,27650,null,121540,-127714,null,-6999,-134713]
["2023-2024",null,83885,null,27727,null,111612,-118106,null,-6821,-124927]
["2022-2023",null,83380,null,25824,null,109204,-117792,"(3)",-7272,-125064]
["2021-2022",null,79645,null,26375,null,106020,-113586,"(4)",-6404,-119990]
["2020-2021",null,68207,null,27904,null,96111,-102109,null,-5438,-107547]
["2019-2020",null,66196,null,22975,null,89171,-86683,null,-5474,-92157]
["2018-2019",null,66235,null,21034,null,87269,-76535,null,-6665,-83200]
["2017-2018",null,62006,null,20072,null,82078,-72763,null,-7162,-79925]
["2016-2017",null,59567,null,18582,null,78149,-69508,null,-7536,-77044]
["2015-2016",null,58663,null,17413,null,76076,-67150,null,-7956,-75106]
["2014-2015",null,55892,null,17260,null,73152,-66994,null,-8142,-75136]
["2013-2014",null,54317,null,16958,null,71275,-66197,null,-8436,-74633]
["2012-2013",null,51058,"(5)",15707,null,66765,-63762,null,-7760,-71522]
["2011-2012",null,50882,null,15246,null,66128,-62636,null,-7343,-69979]
["Before the change in the application of the accounting standard respecting transfer payments(6)"]
["2010-2011",null,47551,null,15425,null,62976,-60306,null,-7081,-67387]
["2009-2010",null,44202,null,15161,null,59363,-58290,null,-6241,-64531]
["2008-2009",null,45215,null,14023,null,59238,-55270,null,-6639,-61909]
["2007-2008",null,45946,null,13629,null,59575,-51833,null,-7160,-58993]
["2005-2006",null,46270,null,11015,null,57285,-49081,null,-7185,-56266]
["(1)","Own-source revenue includes revenue from government enterprises, with the exception of revenue from the Fonds d’investissement Eurêka S.E.C., the Société ferroviaire et portuaire de Pointe-Noire S.E.C. and the Capital Financière agricole inc. Their revenue is indeed presented under special funds and non-budget-funded bodies, as they belong to the Economic Development Fund, the Société du Plan Nord and La Financière agricole du Québec, respectively."]
["(2)","Doubtful tax accounts are subtracted from revenue."]
["(3)","General Fund program spending takes into account financial compensation granted to non-budget-funded bodies, the education network and general and vocational colleges inherent to expenditures incurred prior to 2022-2023 in connection with asset retirement obligations."]
["(4)","General Fund program spending takes into account an amount to finance the 2020-2021 special funds expenditure and investment surpluses related to the change in the application of the accounting standard respecting transfer payments."]
["(5)","Own-source revenue includes Hydro-Québec’s extraordinary loss of $1 876 million stemming from the closure of the Gentilly-2 nuclear power plant in 2012-2013."]
["(6)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"11","index":15,"n_rows":30,"n_cols":14,"rows_kept":30,"cut":false,"hidden":false,"merged":[[0,0,0,13],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[5,0,5,13],[6,0,6,13],[8,0,8,2],[1,0,1,13],[9,0,9,2],[28,1,28,13],[29,1,29,13],[27,1,27,13],[24,0,24,2],[23,0,23,2],[25,2,25,12],[25,0,25,1],[26,1,26,13],[19,0,19,2],[20,0,20,2],[21,0,21,2],[10,0,10,2],[11,0,11,2],[12,0,12,2],[18,0,18,2],[17,0,17,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 11"]
[]
["Special funds"]
["(millions of dollars)"]
[null,null,null,"Own-source\nrevenue","(1)","Québec\ngovernment\ntransfers",null,"Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus\n(deficit)","(2)"]
["2024-2025",null,null,13300,null,11151,null,461,24912,-20944,-3868,-24812,100]
["2023-2024",null,null,13389,null,9614,null,461,23464,-19067,-4226,-23293,171]
["2022-2023",null,null,12225,null,9011,null,417,21653,-17480,-3662,-21142,511]
["2021-2022",null,null,11241,null,14377,"(3)",538,26156,-16736,-2903,-19639,6517]
["2020-2021",null,null,10286,null,8034,null,730,19050,-15904,-2858,-18762,288]
["2019-2020",null,null,10039,null,6898,null,581,17518,-14784,-2901,-17685,-167]
["2018-2019",null,null,9405,null,4805,null,473,14683,-12228,-2712,-14940,-257]
["2017-2018",null,null,8920,null,4644,null,311,13875,-13223,-2616,-15839,-1964]
["2016-2017",null,null,8156,null,4745,null,114,13015,-10407,-2637,-13044,-29]
["2015-2016",null,null,8535,null,4689,null,67,13291,-10063,-2606,-12669,622]
["2014-2015",null,null,8192,null,4710,null,89,12991,-10354,-2755,-13109,-118]
["2013-2014",null,null,7872,null,4484,null,115,12471,-9328,-2768,-12096,375]
["2012-2013",null,null,7304,null,4387,null,160,11851,-8760,-2604,-11364,487]
["2011-2012",null,null,7061,null,4652,null,125,11838,-8620,-2537,-11157,681]
["Before the change in the application of the accounting standard respecting transfer payments(4)"]
["2010-2011",null,null,6241,null,4071,null,382,10694,-7688,-2080,-9768,926]
["2009-2010",null,null,5749,null,3812,null,465,10026,-7242,-1692,-8934,1092]
["Note: ",null,"Sector data may not correspond to financial statements published by the entities, as certain adjustments may or may not have been considered for the public accounts."]
["(1)","Own-source revenue includes the revenue of the Fonds d’investissement Eurêka S.E.C., as this government enterprise belong to the Economic Development Fund."]
["(2)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(3)","Transfer revenues from the Québec government take into account an amount to finance the 2020-2021 expenditure and investment surpluses related to the change in the application of the accounting standard respecting transfer payments."]
["(4)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"12","index":16,"n_rows":35,"n_cols":16,"rows_kept":35,"cut":false,"hidden":false,"merged":[[11,0,11,2],[10,0,10,2],[5,0,5,15],[6,0,6,15],[7,0,7,2],[8,0,8,2],[9,0,9,2],[7,3,7,12],[8,3,8,4],[0,0,0,15],[1,0,1,15],[2,0,2,15],[3,0,3,15],[4,0,4,15],[34,1,34,15],[29,2,29,15],[28,0,28,2],[31,1,31,15],[32,1,32,15],[33,1,33,15],[30,1,30,15]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 12"]
[]
["Generations Fund"]
["(millions of dollars)"]
[null,null,null,"Dedicated revenues"]
[null,null,null,"Water-power royalties"]
[null,null,null,"Hydro-Québec","Private\nproducers","Indexation\nof the price\nof heritage\nelectricity","Additional contribution from\n Hydro-Québec",null,"Mining\nrevenues","Specific tax\non alcoholic beverages","Unclaimed\nproperty","Investment income","Total","Other\ndeposits",null,"Deposits in the \nGenerations \nFund"]
["2024-2025",null,null,753,118,null,650,null,null,null,null,876,2397,400,"(1)",2797]
["2023-2024",null,null,705,110,null,650,null,null,null,null,582,2047,null,null,2047]
["2022-2023",null,null,780,108,544,215,null,578,500,74,283,3082,null,null,3082]
["2021-2022",null,null,765,102,488,215,null,1032,500,31,484,3617,null,null,3617]
["2020-2021",null,null,720,114,382,215,null,574,500,39,769,3313,null,null,3313]
["2019-2020",null,null,708,95,317,215,null,286,500,21,464,2606,null,null,2606]
["2018-2019",null,null,714,106,258,215,null,268,500,22,1394,3477,null,null,3477]
["2017-2018",null,null,695,102,218,215,null,145,500,6,412,2293,null,null,2293]
["2016-2017",null,null,678,104,164,null,null,80,500,53,422,2001,null,null,2001]
["2015-2016",null,null,641,100,98,null,null,161,100,55,298,1453,131,"(2)",1584]
["2014-2015",null,null,660,101,71,null,null,0,100,32,315,1279,null,null,1279]
["2013-2014",null,null,670,93,null,null,null,null,null,19,339,1121,300,"(1)",1421]
["2012-2013",null,null,625,92,null,null,null,null,null,12,232,961,null,null,961]
["2011-2012",null,null,591,91,null,null,null,null,null,9,149,840,null,null,840]
["2010-2011",null,null,560,90,null,null,null,null,null,16,94,760,null,null,760]
["2009-2010",null,null,569,89,null,null,null,null,null,7,60,725,null,null,725]
["2008-2009",null,null,548,88,null,null,null,null,null,1,-50,587,132,"(3)",719]
["2007-2008",null,null,367,46,null,null,null,null,null,0,36,449,200,"(4)",649]
["2006-2007",null,null,65,11,null,500,"(5)",null,null,5,3,584,null,null,584]
["Note:",null,"The Generations Fund began operations on January 1, 2007 pursuant to the Act to reduce the debt and establish the Generations Fund (CQLR, chapter R-2.2.0.1)."]
["(1)","The deposits of $400 million in 2024-2025 and $300 million in 2013-2014 were from the Territorial Information Fund."]
["(2)","The deposit of $131 million in 2015-2016 was from the Commission des normes du travail."]
["(3)","The deposit of $132 million in 2008-2009 was taken from the stabilization reserve and derived from the sale of assets by the Société immobilière du Québec."]
["(4)","The deposit of $200 million in 2007-2008 was taken from the sums allocated to the stabilization reserve in 2006-2007."]
["(5)","The revenue of $500 million in 2006-2007 was from the sale of Hydro-Québec’s investment in Transelec Chile."]

{"sheet":"13","index":17,"n_rows":28,"n_cols":10,"rows_kept":28,"cut":false,"hidden":false,"merged":[[25,0,25,1],[26,0,26,1],[22,0,22,1],[15,0,15,1],[16,0,16,1],[17,0,17,1],[18,0,18,1],[19,0,19,1],[28,0,28,8],[27,1,27,9],[5,0,5,9],[0,0,0,9],[6,0,6,9],[23,0,23,1],[24,0,24,1],[20,0,20,1],[21,0,21,1],[9,0,9,1],[8,0,8,1],[10,0,10,1],[11,0,11,1],[12,0,12,1],[13,0,13,1],[14,0,14,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 13"]
[]
["Specified purpose accounts"]
["(millions of dollars)"]
[null,null,"Own-source\nrevenue","Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus \n(deficit)","(1)"]
["2024-2025",null,201,1373,1574,-1574,null,-1574,0]
["2023-2024",null,181,1261,1442,-1442,null,-1442,0]
["2022-2023",null,168,1254,1422,-1422,null,-1422,0]
["2021-2022",null,157,1804,1961,-1961,null,-1961,0]
["2020-2021",null,149,1022,1171,-1171,null,-1171,0]
["2019-2020",null,171,1744,1915,-1915,null,-1915,0]
["2018-2019",null,244,975,1219,-1219,null,-1219,0]
["2017-2018",null,199,1298,1497,-1497,null,-1497,0]
["2016-2017",null,212,774,986,-986,null,-986,0]
["2015-2016",null,236,748,984,-984,null,-984,0]
["2014-2015",null,212,788,1000,-1000,null,-1000,0]
["2013-2014",null,198,813,1011,-1011,null,-1011,0]
["2012-2013",null,225,873,1098,-1098,null,-1098,0]
["2011-2012",null,252,1225,1477,-1477,null,-1477,0]
["2010-2011",null,135,1481,1616,-1616,null,-1616,0]
["2009-2010",null,295,857,1152,-1152,null,-1152,0]
["2008-2009",null,257,709,966,-966,null,-966,0]
["2007-2008",null,267,716,983,-983,null,-983,0]
["2006-2007",null,237,572,809,-809,null,-809,0]
["(1)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]

{"sheet":"14","index":18,"n_rows":34,"n_cols":14,"rows_kept":34,"cut":false,"hidden":false,"merged":[[26,2,26,13],[24,0,24,2],[14,0,14,2],[15,0,15,2],[8,0,8,2],[10,0,10,2],[11,0,11,2],[12,0,12,2],[13,0,13,2],[9,0,9,2],[1,0,1,13],[29,1,29,13],[30,1,30,13],[0,0,0,13],[5,0,5,13],[6,0,6,13],[25,2,25,13],[27,1,27,13],[28,1,28,13],[16,0,16,2],[17,0,17,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[23,0,23,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 14"]
[]
["Non-budget-funded bodies"]
["(millions of dollars)"]
[null,null,null,"Own-source\nrevenue","(1)","Québec\ngovernment\ntransfers",null,"Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus\n(deficit)","(2)"]
["2024-2025",null,null,13826,null,63082,null,1753,78661,-77797,-1396,-79193,-532]
["2023-2024",null,null,13042,null,59182,null,1991,74215,-73967,-1235,-75202,-987]
["2022-2023",null,null,9773,null,58175,"(3)",1740,69688,-66238,-1128,-67366,2322]
["2021-2022",null,null,9439,null,57074,null,1545,68058,-66659,-952,-67611,447]
["2020-2021",null,null,8605,null,52506,null,1545,62656,-61792,-952,-62744,-88]
["2019-2020",null,null,8754,null,44708,null,837,54299,-53456,-957,-54413,-114]
["2018-2019",null,null,8566,null,42284,null,1099,51949,-50855,-926,-51781,168]
["2017-2018",null,null,8671,null,40683,null,1282,50636,-49347,-885,-50232,404]
["2016-2017",null,null,8682,null,39951,null,1108,49741,-48596,-800,-49396,345]
["2015-2016",null,null,8307,null,38563,null,1069,47939,-46831,-805,-47636,303]
["2014-2015",null,null,8275,null,37979,null,761,47015,-46001,-715,-46716,299]
["2013-2014",null,null,8191,null,36835,null,1088,46114,-45388,-704,-46092,22]
["2012-2013",null,null,8036,null,35528,null,1196,44760,-43920,-726,-44646,114]
["2011-2012",null,null,7997,null,34051,null,1087,43135,-42633,-726,-43359,-224]
["Before the change in the application of the accounting standard respecting transfer payments(4)"]
["2010-2011",null,null,7551,null,29287,null,767,37605,-36674,-821,-37495,110]
["2009-2010",null,null,7478,null,28742,null,1115,37335,-36492,-754,-37246,89]
["Note : ",null,"Sector data may not correspond to financial statements published by the entities, as certain adjustments may or may not have been considered for the public accounts."]
[null,null,"Following the creation of Santé Québec, historical data for bodies in the health and social services network are now presented in the non-budget-funded bodies, with the exception of facilities serving northern and Indigenous communities."]
["(1)","Own-source revenue includes the revenue of the Société ferroviaire et portuaire de Pointe-Noire S.E.C. and the Capital Financière agricole inc., as these government enterprises belong to the Société du Plan Nord and La Financière agricole du Québec, respectively."]
["(2)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(3)","Transfer revenues from the Québec government take into account financial compensation inherent to expenditures incurred prior to 2022-2023 in connection with asset retirement obligations."]
["(4)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null," "]

{"sheet":"15","index":19,"n_rows":28,"n_cols":13,"rows_kept":28,"cut":false,"hidden":false,"merged":[[25,2,25,12],[26,1,26,12],[27,1,27,12],[17,0,17,2],[24,0,24,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[23,0,23,2],[12,0,12,2],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[10,0,10,2],[11,0,11,2],[8,0,8,2],[0,0,0,12],[5,0,5,12],[6,0,6,12],[1,0,1,12],[9,0,9,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 15"]
[]
["Health and social services facilities serving northern and Indigenous communities"]
["(millions of dollars)"]
[null,null,null,"Own-source\nrevenue","Québec\ngovernment\ntransfers",null,"Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus\n(deficit)","(1)"]
["2024-2025",null,null,38,1271,null,58,1367,-1311,-30,-1341,26]
["2023-2024",null,null,30,1077,null,43,1150,-1165,-35,-1200,-50]
["2022-2023",null,null,28,974,null,31,1033,-1002,-25,-1027,6]
["2021-2022",null,null,17,1305,null,26,1348,-1326,-14,-1340,8]
["2020-2021",null,null,15,831,null,18,864,-813,-17,-830,34]
["2019-2020",null,null,16,654,null,23,693,-680,-19,-699,-6]
["2018-2019",null,null,22,587,null,18,627,-598,-18,-616,11]
["2017-2018",null,null,18,532,null,15,565,-546,-14,-560,5]
["2016-2017",null,null,13,550,null,13,576,-536,-12,-548,28]
["2015-2016",null,null,13,482,null,14,509,-494,-12,-506,3]
["2014-2015",null,null,21,459,null,13,493,-472,-12,-484,9]
["2013-2014",null,null,21,388,null,10,419,-504,-9,-513,-94]
["2012-2013",null,null,12,425,null,12,449,-428,-4,-432,17]
["2011-2012",null,null,6,374,null,10,390,-306,-8,-314,76]
["Before the change in the application of the accounting standard respecting transfer payments(2)"]
["2010-2011",null,null,20,319,null,10,349,-426,-4,-430,-81]
["2009-2010",null,null,9,299,null,0,308,-320,-4,-324,-16]
["Note: ",null,"Sector data may not correspond to financial statements published by the entities, as certain adjustments may or may not have been considered for the public accounts."]
["(1)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(2)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"16","index":20,"n_rows":29,"n_cols":13,"rows_kept":29,"cut":false,"hidden":false,"merged":[[25,2,25,12],[26,1,26,12],[27,1,27,12],[28,1,28,12],[17,0,17,2],[24,0,24,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[23,0,23,2],[12,0,12,2],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[10,0,10,2],[11,0,11,2],[8,0,8,2],[0,0,0,12],[5,0,5,12],[6,0,6,12],[1,0,1,12],[9,0,9,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 16"]
[]
["Bodies in the education network"]
["(millions of dollars)"]
[null,null,null,"Own-source\nrevenue","Québec\ngovernment\ntransfers",null,"Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus\n(deficit)","(1)"]
["2024-2025",null,null,2696,17838,null,148,20682,-20646,-439,-21085,-403]
["2023-2024",null,null,2476,16446,null,176,19098,-17880,-568,-18448,650]
["2022-2023",null,null,2315,17653,"(2)",112,20080,-16898,-520,-17418,2662]
["2021-2022",null,null,2082,13922,null,59,16063,-15439,-365,-15804,259]
["2020-2021",null,null,2070,12955,null,57,15082,-14520,-486,-15006,76]
["2019-2020",null,null,2834,11636,null,48,14518,-14102,-494,-14596,-78]
["2018-2019",null,null,3132,10576,null,42,13750,-13346,-451,-13797,-47]
["2017-2018",null,null,3490,9400,null,33,12923,-12668,-390,-13058,-135]
["2016-2017",null,null,3398,8984,null,41,12423,-12088,-365,-12453,-30]
["2015-2016",null,null,3271,8709,null,33,12013,-11536,-391,-11927,86]
["2014-2015",null,null,3057,8713,null,28,11798,-11559,-364,-11923,-125]
["2013-2014",null,null,2822,8635,null,24,11481,-11242,-361,-11603,-122]
["2012-2013",null,null,2563,8510,null,28,11101,-10804,-355,-11159,-58]
["2011-2012",null,null,2475,8302,null,23,10800,-10613,-364,-10977,-177]
["Before the change in the application of the accounting standard respecting transfer payments(3)"]
["2010-2011",null,null,2430,8195,null,16,10641,-10179,-351,-10530,111]
["2009-2010",null,null,1913,7938,null,3,9854,-9547,-278,-9825,29]
["Note: ",null,"Sector data may not correspond to financial statements published by the entities, as certain adjustments may or may not have been considered for the public accounts."]
["(1)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(2)","Transfer revenues from the Québec government take into account financial compensation inherent to expenditures incurred prior to 2022-2023 in connection with asset retirement obligations."]
["(3)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"17","index":21,"n_rows":29,"n_cols":13,"rows_kept":29,"cut":false,"hidden":false,"merged":[[25,2,25,12],[26,1,26,12],[27,1,27,12],[28,1,28,12],[17,0,17,2],[24,0,24,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[23,0,23,2],[12,0,12,2],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[10,0,10,2],[11,0,11,2],[8,0,8,2],[0,0,0,12],[5,0,5,12],[6,0,6,12],[1,0,1,12],[9,0,9,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 17"]
[]
["Bodies in the higher education networks – General and vocational colleges"]
["(millions of dollars)"]
[null,null,null,"Own-source\nrevenue","Québec\ngovernment\ntransfers",null,"Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus\n(deficit)","(1)"]
["2024-2025",null,null,415,3326,null,80,3821,-3674,-83,-3757,64]
["2023-2024",null,null,388,3027,null,65,3480,-3312,-97,-3409,71]
["2022-2023",null,null,323,2908,"(2)",55,3286,-3069,-77,-3146,140]
["2021-2022",null,null,264,2683,null,53,3000,-2861,-69,-2930,70]
["2020-2021",null,null,239,2559,null,45,2843,-2698,-68,-2766,77]
["2019-2020",null,null,304,2475,null,52,2831,-2681,-73,-2754,77]
["2018-2019",null,null,311,2234,null,36,2581,-2496,-69,-2565,16]
["2017-2018",null,null,270,2162,null,34,2466,-2378,-63,-2441,25]
["2016-2017",null,null,270,2103,null,34,2407,-2315,-64,-2379,28]
["2015-2016",null,null,262,2079,null,43,2384,-2264,-71,-2335,49]
["2014-2015",null,null,251,2074,null,50,2375,-2263,-76,-2339,36]
["2013-2014",null,null,263,2067,null,31,2361,-2236,-79,-2315,46]
["2012-2013",null,null,251,2038,null,46,2335,-2186,-91,-2277,58]
["2011-2012",null,null,257,1892,null,46,2195,-2091,-103,-2194,1]
["Before the change in the application of the accounting standard respecting transfer payments(3)"]
["2010-2011",null,null,264,1927,null,7,2198,-2082,-99,-2181,17]
["2009-2010",null,null,308,1798,null,0,2106,-2090,-102,-2192,-86]
["Note: ",null,"Sector data may not correspond to financial statements published by the entities, as certain adjustments may or may not have been considered for the public accounts."]
["(1)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(2)","Transfer revenues from the Québec government take into account financial compensation inherent to expenditures incurred prior to 2022-2023 in connection with asset retirement obligations."]
["(3)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"18","index":22,"n_rows":28,"n_cols":12,"rows_kept":28,"cut":false,"hidden":false,"merged":[[0,0,0,11],[10,0,10,2],[11,0,11,2],[8,0,8,2],[5,0,5,11],[6,0,6,11],[1,0,1,11],[9,0,9,2],[27,1,27,11],[26,1,26,11],[12,0,12,2],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[19,0,19,2],[25,2,25,10],[20,0,20,2],[21,0,21,2],[23,0,23,2],[17,0,17,2],[24,0,24,2],[18,0,18,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 18"]
[]
["Bodies in the higher education networks – Université du Québec and its constituents"]
["(millions of dollars)"]
[null,null,null,"Own-source\nrevenue","Québec\ngovernment\ntransfers","Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures","Debt\nservice","Total\nexpenditure","Accounting surplus\n(deficit)","(1)"]
["2024-2025",null,null,701,1556,173,2430,-2459,17,-2442,-12]
["2023-2024",null,null,674,1500,165,2339,-2282,3,-2279,60]
["2022-2023",null,null,613,1437,157,2207,-2076,-3,-2079,128]
["2021-2022",null,null,508,1291,141,1940,-1888,-2,-1890,50]
["2020-2021",null,null,462,1212,131,1805,-1702,-26,-1728,77]
["2019-2020",null,null,459,1231,131,1821,-1724,-25,-1749,72]
["2018-2019",null,null,456,1174,119,1749,-1639,-30,-1669,80]
["2017-2018",null,null,452,1102,115,1669,-1559,-54,-1613,56]
["2016-2017",null,null,427,1031,107,1565,-1448,58,-1390,175]
["2015-2016",null,null,418,1008,111,1537,-1500,-103,-1603,-66]
["2014-2015",null,null,419,1010,122,1551,-1491,-123,-1614,-63]
["2013-2014",null,null,400,984,115,1499,-1448,-142,-1590,-91]
["2012-2013",null,null,397,963,111,1471,-1422,-141,-1563,-92]
["2011-2012",null,null,383,903,110,1396,-1344,-114,-1458,-62]
["Before the change in the application of the accounting standard respecting transfer payments(2)"]
["2010-2011",null,null,340,1005,116,1461,-1312,-156,-1468,-7]
["2009-2010",null,null,430,900,111,1441,-1119,-75,-1194,247]
["Note: ",null,"Sector data may not correspond to financial statements published by the entities, as certain adjustments may or may not have been considered for the public accounts."]
["(1)","The concept of accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(2)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"19","index":23,"n_rows":35,"n_cols":13,"rows_kept":35,"cut":false,"hidden":false,"merged":[[34,1,34,12],[32,1,32,12],[24,0,24,1],[25,0,25,1],[29,0,29,1],[31,1,31,12],[30,1,30,12],[28,0,28,1],[33,1,33,12],[18,0,18,1],[19,0,19,1],[0,0,0,12],[1,0,1,12],[2,0,2,12],[3,0,3,12],[4,0,4,12],[9,0,9,1],[10,0,10,1],[20,0,20,1],[21,0,21,1],[22,0,22,1],[5,0,5,12],[6,0,6,12],[7,0,7,1],[8,0,8,1],[11,0,11,1],[12,0,12,1],[7,2,7,3],[7,5,7,12],[13,0,13,1],[14,0,14,1],[15,0,15,1],[16,0,16,1],[17,0,17,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 19"]
[]
["Tax-funded expenditures and consolidation adjustments"]
["(millions of dollars)"]
[null,null,"Tax-funded expenditures(1)",null,null,"Consolidation adjustments(2)"]
[null,null,"Own-source\nrevenue","Portfolio\nexpenditures",null,"Own-source\nrevenue","Québec\ngovernment\ntransfers",null,"Federal\ntransfers","Total\nrevenue","Portfolio\nexpenditures",null,"Debt\nservice"]
["2024-2025",null,11766,-11766,null,-13640,-98624,null,-1198,-113462,116591,null,2829]
["2023-2024",null,11736,-11736,null,-13183,-90846,null,-1013,-105042,107404,null,2997]
["2022-2023",null,13461,-13461,null,-9862,-90158,"(3)",-853,-100873,102291,"(3)",2465]
["2021-2022",null,11623,-11623,null,-8938,-90652,"(4)",-1357,-100947,104611,"(4)",1905]
["2020-2021",null,7389,-7389,null,-8751,-78097,null,-736,-87584,88868,null,1997]
["2019-2020",null,7815,-7815,null,-7448,-67602,null,-1163,-76213,76546,null,2108]
["2018-2019",null,6870,-6870,null,-7074,-61660,null,-676,-69410,67577,null,1991]
["2017-2018",null,6486,-6486,null,-6867,-58523,null,-675,-66065,64224,null,1808]
["2016-2017",null,6522,-6522,null,-6332,-57364,null,-594,-64290,62794,null,1817]
["2015-2016",null,6848,-6848,null,-6736,-55530,null,-597,-62863,60892,null,1820]
["2014-2015",null,6641,-6641,null,-6789,-54945,null,-572,-62306,60402,null,1841]
["2013-2014",null,6317,-6317,null,-6717,-53393,null,-604,-60714,58729,null,1827]
["2012-2013",null,6014,-6014,null,-6451,-51851,null,-616,-58918,57051,null,1812]
["2011-2012",null,5767,-5767,null,-6689,-50174,null,-757,-57620,56116,null,1723]
["Before the change in the application of the accounting standard respecting transfer payments(5)"]
["2010-2011",null,6096,-6096,null,-5951,-44804,null,-711,-51466,49895,null,1607]
["2009-2010",null,5878,-5878,0,-5441,-43489,null,-602,-49532,48280,null,1237]
["Without line-by-line consolidation of the networks"]
["2008-2009",null,5484,-5484]
["2007-2008",null,5050,-5050]
["2006-2007",null,4796,-4796]
["(1)","These amounts include doubtful tax accounts."]
["(2)","The consolidation adjustments stem mainly from the elimination of reciprocal transactions between entities in the government’s reporting entity."]
["(3)","Transfers from the Québec government and portfolio expenditures included in consolidation adjustments take into account the elimination of reciprocal transactions between the General Fund and other sectors concerned by the financial compensation inherent to expenditures prior to 2022-2023 in connection with asset retirement obligations."]
["(4)","Québec government transfers and portfolio expenditures included in consolidation adjustments take into account the elimination of reciprocal transactions between the General Fund and special funds regarding the amount to finance the 2020-2021 expenditure and investment surpluses related to the change in the application of the accounting standard respecting transfer payments."]
["(5)","The impact of the change in the application of the accounting standard respecting transfer payments is considered as of 2011-2012. However, the impact on data before consolidation adjustments cannot be determined with reasonable effort for the years 2011-2012 to 2018-2019. As a result, these years only include the consolidated impact of this change."]

{"sheet":"Sec3","index":24,"n_rows":4,"n_cols":1,"rows_kept":4,"cut":false,"hidden":false,"merged":[[0,0,0,5]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["3. Financial transactions"]

{"sheet":"20","index":25,"n_rows":41,"n_cols":17,"rows_kept":41,"cut":false,"hidden":false,"merged":[[38,1,38,16],[36,1,36,16],[39,1,39,16],[31,0,31,2],[32,0,32,2],[33,0,33,2],[37,1,37,16],[26,0,26,2],[29,0,29,2],[35,1,35,16],[0,0,0,16],[1,0,1,16],[2,0,2,16],[3,0,3,16],[4,0,4,16],[5,0,5,16],[6,0,6,16],[7,0,7,2],[8,0,8,2],[25,0,25,2],[9,0,9,2],[11,0,11,2],[12,0,12,2],[10,0,10,2],[40,1,40,16],[7,5,7,15],[34,2,34,16],[16,0,16,2],[17,0,17,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[22,0,22,2],[23,0,23,2],[24,0,24,2],[28,0,28,2],[14,0,14,2],[13,0,13,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 20"]
[]
["Net financial requirements"]
["(millions of dollars)"]
[null,null,null,null,null,"Non-budgetary transactions"]
[null,null,null,"Accounting surplus (deficit)","(1),(2),(3)","Investments, \nloans and\nadvances",null,"Capital expenditures","(4)","Net\ninvestments\nin the networks","(5)","Retirement plans\nand other employee future benefits","Other\naccounts","Deposits in the \nGenerations\n Fund",null,"Total","Net financial\nsurplus\n(requirements)"]
["2027-2028",null,null,-3185,null,-2525,null,-9195,null,null,null,-4616,-454,-2510,null,-19300,-22485]
["2026-2027",null,null,-7149,null,-2566,null,-8507,null,null,null,-4354,252,-4212,null,-19387,-26536]
["2025-2026",null,null,-9898,null,-2481,null,-8799,null,null,null,-3787,-869,-2461,null,-18397,-28295]
["2024-2025",null,null,-5175,null,-2205,null,-8336,null,null,null,-2800,1108,-2797,null,-15030,-20205]
["2023-2024",null,null,-5994,null,-2328,null,-8467,null,null,null,-3476,5041,-2047,null,-11277,-17271]
["2022-2023",null,null,-3126,null,1354,null,-6543,null,null,null,-2950,3324,-3082,null,-7897,-11023]
["Before the application of the standards on financial instruments"]
["2021-2022",null,null,2567,null,-5727,null,-4819,null,null,null,-2977,5551,-3617,null,-11589,-9022]
["2020-2021",null,null,-4378,null,-4760,null,-3924,null,null,null,-2621,1233,-3313,null,-13385,-17763]
["2019-2020",null,null,1845,null,-399,null,-3277,null,null,null,-2345,3792,-2606,null,-4835,-2990]
["2018-2019",null,null,7675,null,51,null,-2694,null,null,null,-2438,510,-3477,null,-8048,-373]
["2017-2018",null,null,2804,null,-431,null,-1951,null,null,null,-1332,409,-2293,null,-5598,-2794]
["2016-2017",null,null,3944,null,-2093,null,-1616,null,null,null,-667,2499,-2001,null,-3878,66]
["2015-2016",null,null,3269,null,-959,null,-2125,null,null,null,200,343,-1584,null,-4125,-856]
["2014-2015",null,null,-730,null,-1540,null,-2261,null,null,null,957,226,-1279,null,-3897,-4627]
["2013-2014",null,null,-2259,null,-749,null,-3001,null,null,null,1123,2295,-1421,null,-1753,-4012]
["2012-2013",null,null,-3325,null,-272,null,-3257,null,null,null,709,-148,-961,null,-3929,-7254]
["2011-2012",null,null,-2497,null,-1595,null,-3551,null,null,null,606,-1049,-840,null,-6429,-8926]
["Before the change in the application of the accounting standard respecting transfer payments"]
["2010-2011",null,null,-2539,null,-2937,null,-3961,null,null,null,1168,1885,-760,null,-4605,-7144]
["2009-2010(6)",null,null,-3103,null,-1975,null,-3881,null,null,null,126,1986,-725,null,-4469,-7572]
["Without line-by-line consolidation of the networks"]
["2008-2009",null,null,-1430,null,-966,null,-2149,null,-463,null,2274,2502,null,null,1198,-232]
["2007-2008",null,null,1484,null,-2658,null,-1377,null,-330,null,2458,-205,null,null,-2112,-628]
["2006-2007",null,null,1847,null,-2213,null,-1175,null,-848,null,2559,-2930,null,null,-4607,-2760]
["Note:",null,"A negative entry represents a financial requirement and a positive entry indicates a source of financing."]
["(1)","As of 2011-2012, the accounting surplus (deficit) includes the impact of the change in application of the accounting standard respecting transfer payments."]
["(2)","The accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]
["(3)","In 2027-2028, the accounting balance integrates the gap to be bridged."]
["(4)","These amounts exclude investments made under public-private partnerships, which do not have an impact on net financial requirements because they are made and financed by private-sector partners."]
["(5)","From 2006-2007 to 2008-2009, the net investments of bodies in the health and social services, education and higher education networks were established using the modified equity method."]
["(6)","With line-by-line consolidation of the bodies in the networks, the investments, loans and advances, capital expenditures and other accounts of the bodies in the networks are taken into account in the net financial requirements as of 2009-2010."]

{"sheet":"21","index":26,"n_rows":40,"n_cols":10,"rows_kept":40,"cut":false,"hidden":false,"merged":[[6,11,6,12],[11,0,11,2],[14,0,14,2],[34,0,34,2],[35,0,35,2],[22,11,22,12],[23,0,23,2],[19,0,19,2],[10,0,10,2],[20,0,20,2],[21,0,21,2],[22,0,22,2],[15,0,15,2],[16,0,16,2],[17,0,17,2],[18,0,18,2],[2,0,2,6],[3,0,3,6],[4,0,4,6],[0,0,0,9],[1,0,1,9],[6,0,6,6],[7,0,7,2],[8,0,8,2],[9,0,9,2],[5,0,5,9],[12,0,12,2],[13,0,13,2],[38,1,38,9],[39,1,39,9],[24,0,24,2],[25,0,25,2],[26,0,26,2],[27,0,27,2],[28,0,28,2],[33,0,33,2],[32,0,32,2],[31,0,31,2],[30,0,30,2],[29,0,29,2],[36,2,36,9],[37,1,37,9]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 21"]
[]
["Non-budgetary transactions"]
["(millions of dollars)"]
[null,null,null,"2019-2020","2020-2021","2021-2022","2022-2023","(1)","2023-2024","2024-2025"]
["Investments, loans and advances"]
["Government enterprises"]
["Share capital and investments"]
["Société ferroviaire et portuaire de Pointe-Noire S.E.C.",null,null,-9,-30,-35,-25,null,0,0]
["Société du parc industriel et portuaire de Bécancour",null,null,null,null,0,-138,null,-116,0]
["Capital Financière agricole inc.",null,null,null,null,null,null,null,-5,0]
["Change in the equity value of investments",null,null,464,-1129,-767,-256,null,506,-562]
["Loans and advances"]
["Investissement Québec",null,null,-229,-551,-390,-778,null,-77,176]
["Loto-Québec",null,null,-45,-29,-38,-17,null,40,-343]
["Société ferroviaire et portuaire de Pointe-Noire S.E.C.",null,null,0,0,-30,30,null,6,5]
["Société du parc industriel et portuaire de Bécancour",null,null,null,null,-40,23,null,0,2]
["Subtotal – Government enterprises",null,null,181,-1739,-1300,-1161,null,354,-722]
["Individuals, corporations and others",null,null,-580,-3021,-4427,2515,null,-2682,-1483]
["Total – Investments, loans and advances",null,null,-399,-4760,-5727,1354,null,-2328,-2205]
["Capital expenditures(2)"]
["Net investments",null,null,-7545,-8367,-9584,-11445,null,-13618,-13932]
["Depreciation and other",null,null,4268,4443,4765,4902,null,5151,5596]
["Total – Capital expenditures",null,null,-3277,-3924,-4819,-6543,null,-8467,-8336]
["Retirement plans and other employee future benefits"]
["Cost of vested benefits,(3) changes to plans\nand amortization of actuarial gains (losses) ",null,null,3711,3689,3839,4291,null,4283,5173]
["Interest on obligations relating to accrued benefits",null,null,6963,7128,7331,7650,null,7950,8348]
["Reinvestment of fund investment revenues",null,null,-6056,-6243,-6761,-7262,null,-7822,-8215]
["Benefits paid",null,null,-6963,-7195,-7386,-7629,null,-7887,-8106]
["Total – Retirement plans and other employee future benefits",null,null,-2345,-2621,-2977,-2950,null,-3476,-2800]
["Other accounts",null,null,3792,1233,5551,3324,null,5041,1108]
["Deposits in the Generations Fund",null,null,-2606,-3313,-3617,-3082,null,-2047,-2797]
["TOTAL NON-BUDGETARY TRANSACTIONS",null,null,-4835,-13385,-11589,-7897,null,-11277,-15030]
["Note:",null,"A negative entry represents a financial requirement and a positive entry indicates a source of financing."]
["(1)","As of 2022-2023, non budgetary transactions take into account the prospective application of accounting changes concerning the treatment of financial instruments."]
["(2)","These amounts exclude investments made under public-private partnerships, which do not have an impact on net financial requirements because they are made and financed by private-sector partners."]
["(3)","The accrued benefits expense corresponds to the actuarial value of benefits accrued during the fiscal year, calculated according to the actuarial projected benefit method prorated on years of service."]

{"sheet":"22","index":27,"n_rows":18,"n_cols":9,"rows_kept":18,"cut":false,"hidden":false,"merged":[[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,2,16,8],[17,1,17,8],[5,0,5,8],[2,0,2,6],[3,0,3,6],[4,0,4,6],[1,0,1,8],[10,0,10,2],[11,0,11,2],[12,0,12,2],[6,0,6,6],[7,0,7,2],[8,0,8,2],[9,0,9,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 22"]
[]
["Financing transactions"]
["(millions of dollars)"]
[null,null,null,"2019-2020","2020-2021","2021-2022","2022-2023","2023-2024","2024-2025"]
["Change in cash and cash equivalents",null,null,-3807,927,1828,-14,-5000,-4877]
["Net borrowings"]
["New borrowings",null,null,23489,38774,24549,28791,36336,40993]
["Repayment of borrowings",null,null,-17391,-22211,-17421,-18032,-16876,-22826]
["Total – Net borrowings",null,null,6098,16563,7128,10759,19460,18167]
["Deposits in the Retirement Plans Sinking Fund and specific pension funds(1)",null,null,-1301,273,66,278,311,2515]
["Withdrawals from the Generations Fund for the repayment of debts",null,null,2000,0,0,0,2500,4400]
["TOTAL FINANCING TRANSACTIONS ",null,null,2990,17763,9022,11023,17271,20205]
["Note:",null,"A negative entry represents a financial requirement and a positive entry indicates a source of financing. For the change in cash position, a negative entry indicates an increase and a positive entry, a decrease."]
["(1)","These funds are intended to cover the retirement benefits of public and parapublic sector employees, accumulated sick leave and survivor’s pensions for government employees. The amount also includes contributions by members and some employers, net of benefits paid, as well as repayments to depositors. As of 2020-2021, withdrawals, composed of repayments to depositors and benefits paid, are greater than the deposits and contributions to the Retirement Plans Sinking Fund (RPSF) and specific funds."]

{"sheet":"Sec4","index":28,"n_rows":4,"n_cols":1,"rows_kept":4,"cut":false,"hidden":false,"merged":[[0,0,0,5]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["4. Debt"]

{"sheet":"23","index":29,"n_rows":37,"n_cols":12,"rows_kept":37,"cut":false,"hidden":false,"merged":[[36,1,36,11],[30,8,30,11],[34,1,34,11],[30,0,30,6],[31,0,31,1],[32,0,32,1],[33,0,33,1],[37,1,37,11],[35,1,35,11],[16,0,16,1],[17,0,17,1],[28,0,28,1],[18,0,18,1],[19,0,19,1],[20,0,20,1],[21,0,21,1],[27,0,27,1],[23,0,23,1],[24,0,24,1],[25,0,25,1],[26,0,26,1],[22,0,22,1],[29,0,29,1],[0,0,0,11],[1,0,1,11],[2,0,2,11],[3,0,3,11],[4,0,4,11],[5,0,5,11],[6,0,6,1],[7,0,7,1],[13,0,13,1],[14,0,14,1],[8,0,8,6],[6,2,6,4],[6,10,6,11],[8,8,8,11],[12,0,12,1],[11,0,11,1],[9,0,9,1],[10,0,10,1]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 23"]
[]
["Debt of the Québec government"]
[null,null,"Direct debt",null,null,null,"Retirement plans and other employee future benefits(1)",null,"Less: Generations Fund",null,"Debt(2)"]
[null,null,"($million)",null,"(% of GDP)",null,"($million)",null,"($million)",null,"($million)","(% of GDP)"]
["Data taking into account line-by-line consolidation of the networks",null,null,null,null,null,null,null,"Gross debt – \nNetworks consolidated line by line"]
["2027-2028",null,331489,null,"48.5",null,-1069,null,-21038,null,309382,"45.3"]
["2026-2027",null,312066,null,"47.2",null,757,null,-18528,null,294295,"44.5"]
["2025-2026",null,291091,null,"45.4",null,2333,null,-16816,null,276608,"43.1"]
["2024-2025",null,269519,null,"43.7",null,3335,null,-16855,null,255999,"41.5"]
["2023-2024",null,260670,null,"44.8",null,3620,null,-18458,null,245832,"42.2"]
["2022-2023",null,238470,null,"42.9",null,6785,null,-18911,null,226344,"40.7"]
["Before the application of the standards on financial instruments"]
["2021-2022",null,217570,null,"42.9",null,9457,null,-15829,null,211198,"41.6"]
["2020-2021",null,211285,null,"46.8",null,12368,null,-12212,null,211441,"46.8"]
["2019-2020",null,194294,null,"42.3",null,14716,null,-8899,null,200111,"43.5"]
["2018-2019",null,189177,null,"43.0",null,18362,null,-8293,null,199246,"45.3"]
["2017-2018",null,192100,null,"45.9",null,21903,null,-12816,null,201187,"48.1"]
["2016-2017",null,189450,null,"47.5",null,24647,null,-10523,null,203574,"51.0"]
["2015-2016",null,185185,null,"47.8",null,26745,null,-8522,null,203408,"52.5"]
["2014-2015",null,182762,null,"48.5",null,28172,null,-6938,null,203996,"54.1"]
["2013-2014",null,174817,null,"47.8",null,28672,null,-5659,null,197830,"54.1"]
["2012-2013",null,168622,null,"47.5",null,28492,null,-5238,null,191876,"54.0"]
["2011-2012",null,158891,null,"46.0",null,28774,null,-4277,null,183388,"53.0"]
["2010-2011",null,147748,null,"44.9",null,29125,null,-3437,null,173436,"52.7"]
["2009-2010",null,136074,null,"43.1",null,29921,null,-2677,null,163318,"51.8"]
["2008-2009(3)",null,129745,null,"41.1",null,29837,null,-1952,null,157630,"50.0"]
["Without line-by-line consolidation of the networks",null,null,null,null,null,null,null,"Gross debt – Networks consolidated\nat modified equity value"]
["2008-2009(3)",null,124629,null,"39.5",null,29837,null,-1952,null,152514,"48.4"]
["2007-2008",null,118032,null,"38.5",null,32426,null,-1233,null,149225,"48.6"]
["2006-2007",null,110412,null,"37.9",null,34677,null,-584,null,144505,"49.6"]
["(1)","Corresponds to the liability of retirement plans and other employee future benefits and the assets of other employee future benefits."]
["(2)","These amounts exclude pre-financing."]
["(3)","To facilitate the comparison of historical data and due to the amounts involved, two results are presented for 2008-2009. The first is obtained using the modified equity basis of consolidation for the network bodies and the second, using the line-by-line consolidation method. The latter method is used as of fiscal 2009-2010."]

{"sheet":"24","index":30,"n_rows":32,"n_cols":4,"rows_kept":32,"cut":false,"hidden":false,"merged":[[16,0,16,1],[17,0,17,1],[18,0,18,1],[31,0,31,1],[27,0,27,1],[29,0,29,1],[30,0,30,1],[28,0,28,3],[19,0,19,1],[26,0,26,1],[24,0,24,1],[23,0,23,1],[25,0,25,3],[20,0,20,1],[21,0,21,1],[22,0,22,1],[5,0,5,3],[6,0,6,1],[12,0,12,1],[14,0,14,1],[15,0,15,1],[10,0,10,1],[9,0,9,1],[11,0,11,1],[7,0,7,1],[8,0,8,1],[0,0,0,3],[1,0,1,3],[2,0,2,3],[3,0,3,3],[4,0,4,3]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 24"]
[]
["Net debt of the Québec government"]
[null,null,"($million)","(% of GDP)"]
["2027-2028",null,281849,"41.3"]
["2026-2027",null,269818,"40.8"]
["2025-2026",null,254511,"39.7"]
["2024-2025",null,236163,"38.3"]
["2023-2024",null,220016,"37.8"]
["2022-2023",null,208820,"37.5"]
["Before the application of the standards on financial instruments"]
["2021-2022",null,196789,"38.8"]
["2020-2021",null,194589,"43.1"]
["2019-2020",null,188052,"40.9"]
["2018-2019",null,188577,"42.9"]
["2017-2018",null,192003,"45.9"]
["2016-2017",null,195151,"48.9"]
["2015-2016",null,198052,"51.1"]
["2014-2015",null,198388,"52.6"]
["2013-2014",null,195304,"53.4"]
["2012-2013",null,191380,"53.9"]
["2011-2012",null,178299,"51.6"]
["Before the change in the application of the accounting standard respecting transfer payments"]
["2010-2011",null,162283,"49.3"]
["2009-2010",null,154465,"49.0"]
["Without line-by-line consolidation of the networks"]
["2008-2009",null,134031,"42.5"]
["2007-2008",null,124462,"40.5"]
["2006-2007",null,124072,"42.6"]

{"sheet":"25","index":31,"n_rows":31,"n_cols":5,"rows_kept":31,"cut":false,"hidden":false,"merged":[[5,0,5,4],[6,0,6,1],[12,0,12,1],[11,0,11,1],[0,0,0,4],[1,0,1,4],[2,0,2,4],[3,0,3,4],[4,0,4,4],[7,0,7,1],[8,0,8,1],[14,0,14,1],[10,0,10,1],[9,0,9,1],[16,0,16,1],[31,1,31,4],[24,0,24,1],[26,0,26,1],[27,0,27,1],[28,0,28,1],[15,0,15,1],[17,0,17,1],[18,0,18,1],[19,0,19,1],[20,0,20,1],[21,0,21,1],[32,1,32,4],[22,0,22,1],[29,0,29,1],[23,0,23,1],[30,0,30,1],[25,0,25,4]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 25"]
[]
["Debt representing accumulated deficits"]
[null,null,"($million)",null,"(% of GDP)"]
["2027-2028",null,143597,null,"21.0"]
["2026-2027",null,140761,null,"21.3"]
["2025-2026",null,133961,null,"20.9"]
["2024-2025",null,124412,null,"20.2"]
["2023-2024",null,118305,null,"20.3"]
["2022-2023",null,114936,null,"20.7"]
["Before the application of the standards on financial instruments"]
["2021-2022",null,108898,null,"21.5"]
["2020-2021",null,112157,null,"24.8"]
["2019-2020",null,110986,null,"24.1"]
["2018-2019",null,115464,null,"26.3"]
["2017-2018",null,121880,null,"29.1"]
["2016-2017",null,125148,null,"31.3"]
["2015-2016",null,129811,null,"33.5"]
["2014-2015",null,132773,null,"35.2"]
["2013-2014",null,132650,null,"36.3"]
["2012-2013",null,132658,null,"37.3"]
["2011-2012",null,124465,null,"36.0"]
["Before the change in the application of the accounting standard respecting transfer payments"]
["2010-2011",null,113487,null,"34.5"]
["2009-2010",null,110515," ","35.0"]
["2008-2009",null,104227,null,"33.0"]
["2007-2008",null,95879,null,"31.2"]
["2006-2007",null,97014,null,"33.3"]

{"sheet":"Sec5","index":32,"n_rows":46,"n_cols":9,"rows_kept":46,"cut":false,"hidden":false,"merged":[[39,0,39,8],[41,1,41,8],[43,1,43,8],[45,0,45,8],[37,0,37,2],[35,7,35,8],[23,0,23,8],[25,1,25,8],[27,0,27,8],[29,0,29,8],[31,1,31,8],[36,0,36,2],[21,0,21,8],[0,0,0,8],[3,0,3,8],[5,0,5,8],[7,1,7,8],[9,1,9,8],[11,0,11,8],[13,1,13,8],[15,2,15,8],[17,1,17,8],[19,0,19,8],[33,0,33,8],[34,0,34,8],[35,2,35,3],[35,5,35,6]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["5. Statistics for historical analysis"]
[]
["The budgetary statistics presented in this section do not contain any breaks linked to certain accounting changes. The change in revenue and expenditure is presented on a comparable basis, that is, it has been adjusted using parametric estimates for the various accounting changes made."]
[]
["— ","These statistics are provided for historical analysis purposes."]
[]
["— ","They reflect the best parametric estimates that could be made by the Ministère des Finances du Québec and will continue to evolve as changes are made to government accounting and hypotheses are refined."]
[]
["Accounting changes were carried out in 2009-2010. These reforms were designed, in particular, to consolidate the bodies in the health and social services, education and higher education networks. "]
[]
["— ","In this regard, as of 2009-2010, the revenue and expenditure of the network bodies have been consolidated line by line, like those of non-budget-funded bodies and special funds."]
[]
[null,"— ","Since this consolidation, roughly $4 billion in own-source revenue of the network bodies has been included in the government’s consolidated revenue. These revenues include, among other things, those in respect of the school property tax and various user contributions, such as tuition fees."]
[]
["— ","These accounting changes have thus led to major breaks in the historical budgetary statistics."]
[]
["This section also presents Québec’s GDP and accounting surplus (deficit) as of 2006-2007."]
[]
["Method used to adjust the budgetary statistics according to the impact of accounting changes"]
[]
["When the impact of an accounting change on historical budgetary statistics as a whole cannot be determined with reasonable effort, a break appears in the chronological series, making them more complicated to interpret."]
[]
["— ","To offset such breaks, a statistics adjustment method is used."]
[]
["Method used to adjust the statistics"]
[]
["The chronological series are reconstructed using growth rates for the budgetary statistics and certain adjustments. The data used come primarily from the public accounts and section 1 of these budgetary statistics."]
[]
["— ","For example, for 2009-2010, where accounting changes cause a break in the chronological series, the growth rate for consolidated revenue is adjusted according to the impact of the accounting changes, indicated in Public Accounts 2009-2010."]
[]
["Illustration of the calculation of consolidated revenue growth in 2009-2010"]
["(millions of dollars and percentage rate)"]
[null,null,"Data from\nsection 1",null,"Less: \nImpact","Comparable data",null,"Growth rate"]
["2009-2010",null,null,78656,-3706,null,74950,null,"2.3"]
["2008-2009",null,null,73266,null,null,73266]
[]
["Those growth rates are then used for the estimation, retroactively, of the trajectory that the budgetary statistics would have followed if all of the accounting changes had been applied to the data for prior years."]
[]
["— ","In other words, the marginal impact of this restatement on growth rate is then applied to all of the previous years."]
[]
["— ","For example, the adjusted consolidated revenue for 2007-2008 results from the division of that same revenue for 2008-2009 by the previously calculated growth rate between those two years."]
[]
["Lastly, marginal differences are distributed among the series to ensure consistency with the balance."]

{"sheet":"26","index":33,"n_rows":32,"n_cols":14,"rows_kept":32,"cut":false,"hidden":false,"merged":[[26,0,26,2],[27,0,27,2],[28,0,28,2],[29,0,29,2],[5,0,5,13],[6,0,6,2],[7,0,7,2],[13,0,13,2],[12,0,12,2],[11,0,11,2],[10,0,10,2],[8,0,8,2],[9,0,9,2],[0,0,0,13],[1,0,1,13],[2,0,2,13],[3,0,3,13],[4,0,4,13],[31,1,31,13],[6,3,6,5],[6,7,6,9],[30,2,30,13],[14,0,14,2],[15,0,15,2],[16,0,16,2],[17,0,17,2],[18,0,18,2],[19,0,19,2],[20,0,20,2],[21,0,21,2],[22,0,22,2],[23,0,23,2],[24,0,24,2],[25,0,25,2]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 26"]
[]
["Summary of consolidated results for historical analysis"]
[null,null,null,"Consolidated revenue",null,null,null,"Consolidated expenditure",null,null,null,"Contingency reserve",null,"Accounting surplus\n     (deficit) (1)"]
[null,null,null,"($million)","(% change)","(% of GDP)",null,"($million)","(% change)","(% of GDP)",null,"($million)",null,"($million)"]
["2027-2028",null,null,170265,"3.4","24.9",null,-172950,"1.9","25.3",null,-1500,null,-4185]
["2026-2027",null,null,164620,"3.7","24.9",null,-169769,"1.9","25.7",null,-2000,null,-7149]
["2025-2026",null,null,158735,"1.7","24.8",null,-166633,"3.3","26.0",null,-2000,null,-9898]
["2024-2025",null,null,156088,"7.2","25.3",null,-161263,"6.4","26.1",null,null,null,-5175]
["2023-2024",null,null,145541,"0.9","25.0",null,-151535,"2.8","26.0",null,null,null,-5994]
["2022-2023",null,null,144243,"3.9","25.9",null,-147369,"8.1","26.5",null,null,null,-3126]
["2021-2022",null,null,138839,"13.2","27.4",null,-136272,"7.2","26.9",null,null,null,2567]
["2020-2021",null,null,122700,"4.9","27.2",null,-127078,"10.4","28.2",null,null,null,-4378]
["2019-2020",null,null,116974,"1.9","25.4",null,-115129,"7.5","25.0",null,null,null,1845]
["2018-2019",null,null,114764,"5.8","26.1",null,-107089,"1.4","24.4",null,null,null,7675]
["2017-2018",null,null,108423,"5.2","25.9",null,-105619,"6.5","25.2",null,null,null,2804]
["2016-2017",null,null,103095,"2.9","25.8",null,-99151,"2.3","24.8",null,null,null,3944]
["2015-2016",null,null,100171,"4.4","25.8",null,-96902,"0.2","25.0",null,null,null,3269]
["2014-2015",null,null,95989,"2.8","25.5",null,-96719,"1.2","25.7",null,null,null,-730]
["2013-2014",null,null,93355,"6.2","25.5",null,-95614,"4.8","26.1",null,null,null,-2259]
["2012-2013",null,null,87887,"1.8","24.7",null,-91212,"2.7","25.7",null,null,null,-3325]
["2011-2012",null,null,86346,"4.1","25.0",null,-88843,"3.9","25.7",null,null,null,-2497]
["2010-2011",null,null,82930,"5.4","25.2",null,-85469,"4.5","26.0",null,null,null,-2539]
["2009-2010",null,null,78656,"2.3","24.9",null,-81759,"4.4","25.9",null,null,null,-3103]
["2008-2009",null,null,76851,"0.2","24.4",null,-78281,"4.1","24.8",null,null,null,-1430]
["2007-2008",null,null,76675,"5.0","25.0",null,-75191,"5.7","24.5",null,null,null,1484]
["2006-2007",null,null,72997,"n/a","25.0",null,-71150,"n/a","24.4",null,null,null,1847]
["Note:",null,"The data presented are forecasts for 2025-2026 to 2027-2028, actual data for 2024-2025 and adjusted data for 2023-2024 and previous years."]
["(1)","The accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]

{"sheet":"27","index":34,"n_rows":32,"n_cols":16,"rows_kept":32,"cut":false,"hidden":false,"merged":[[3,0,3,15],[19,0,19,2],[21,0,21,2],[8,0,8,2],[9,0,9,2],[31,1,31,15],[16,0,16,2],[17,0,17,2],[6,3,6,5],[6,10,6,11],[6,13,6,15],[6,0,6,2],[7,0,7,2],[25,0,25,2],[11,0,11,2],[10,0,10,2],[24,0,24,2],[22,0,22,2],[23,0,23,2],[6,7,6,8],[0,0,0,15],[30,2,30,15],[5,0,5,15],[1,0,1,15],[27,0,27,2],[28,0,28,2],[29,0,29,2],[12,0,12,2],[18,0,18,2],[26,0,26,2],[20,0,20,2],[13,0,13,2],[14,0,14,2],[15,0,15,2],[4,0,4,15],[2,0,2,15]]}
["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 27"]
[]
["Consolidated revenue for historical analysis"]
[null,null,null,"Own-source revenue(1)",null,null,null,"Revenue from government\nenterprises",null,null,"Federal transfers",null,null,"Consolidated revenue"]
[null,null,null,"($million)","(% change)","(% of GDP)",null,"($million)","(% change)",null,"($million)","(% change)",null,"($million)","(% change)","(% of GDP)"]
["2027-2028",null,null,130905,"3.8","19.2",null,7272,"13.8",0,32088,"0.0",null,170265,"3.4","24.9"]
["2026-2027",null,null,126154,"3.3","19.1",null,6389,"17.4",0,32077,"2.8",null,164620,"3.7","24.9"]
["2025-2026",null,null,122099,"1.8","19.0",null,5442,"−4.3",0,31194,"2.3",null,158735,"1.7","24.8"]
["2024-2025",null,null,119901,"9.6","19.4",0,5689,"8.5",0,30498,"−1.2",0,156088,"7.2","25.3"]
["2023-2024",null,null,109424,"0.5","18.8",null,5241,"−20.8",null,30876,"7.4",null,145541,"0.9","25.0"]
["2022-2023",null,null,108886,"5.0","19.6",null,6620,"11.1",null,28737,"−1.5",null,144243,"3.9","25.9"]
["2021-2022",null,null,103695,"18.5","20.4",null,5960,"32.7",null,29184,"−5.0",null,138839,"13.2","27.4"]
["2020-2021",null,null,87493,"0.2","19.4",null,4491,"1.6",null,30716,"21.8",null,122700,"4.9","27.2"]
["2019-2020",null,null,87327,"1.4","19.0",null,4419,"−20.3",null,25228,"9.1",null,116974,"1.9","25.4"]
["2018-2019",null,null,86096,"6.5","19.6",null,5548,"8.9",null,23120,"2.8",null,114764,"5.8","26.1"]
["2017-2018",null,null,80845,"3.6","19.3",null,5093,"4.0",null,22485,"11.4",null,108423,"5.2","25.9"]
["2016-2017",null,null,78017,"2.3","19.5",null,4899,"−2.3",null,20179,"6.8",null,103095,"2.9","25.8"]
["2015-2016",null,null,76257,"5.8","19.7",null,5013,"−7.3",null,18901,"2.0",null,100171,"4.4","25.8"]
["2014-2015",null,null,72043,"3.6","19.1",null,5407,"3.1",null,18539,"−0.1",null,95989,"2.8","25.5"]
["2013-2014",null,null,69563,"3.6","19.0",null,5242,"62.2",null,18550,"5.9",null,93355,"6.2","25.5"]
["2012-2013",null,null,67138,"4.1","18.9",null,3232,"−31.9",null,17517,"2.3",null,87887,"1.8","24.7"]
["2011-2012",null,null,64482,"6.4","18.6",null,4749,"−1.8",null,17115,"−2.2",null,86346,"4.1","25.0"]
["2010-2011",null,null,60599,"6.9","18.4",null,4838,"−0.8",null,17493,"2.2",null,82930,"5.4","25.2"]
["2009-2010",null,null,56668,"0.2","18.0",null,4878,"−2.6",null,17110,"12.1",null,78656,"2.3","24.9"]
["2008-2009",null,null,56577,"-0.3","17.9",null,5007,"−0.1",null,15267,"2.5",null,76851,"0.2","24.4"]
["2007-2008",null,null,56764,"3.8","18.5",null,5013,"−19.1",null,14898,"23.1",null,76675,"5.0","25.0"]
["2006-2007",null,null,54697,"n/a","18.8",null,6200,"n/a",null,12100,"n/a",null,72997,"n/a","25.0"]
["Note:",null,"The data presented are forecasts for 2025-2026 to 2027-2028, actual data for 2024-2025 and adjusted data for 2023-2024 and previous years."]
["(1)","These amounts exclude revenue from government enterprises."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 28"]
[]
["Consolidated expenditure for historical analysis"]
[null,null,"Portfolio expenditures",null,null,null,"Debt service",null,null,null,"Consolidated expenditure"]
[null,null,"($million)","(% change)","(% of GDP)",null,"($million)","(% change)","(% of revenue)",null,"($million)","(% change)","(% of GDP)"]
["2027-2028",null,-161669,"1.4","23.7",null,-11281,"9.7","6.6",null,-172950,"1.9","25.3"]
["2026-2027",null,-159486,"2.0","24.1",null,-10283,"0.8","6.2",null,-169769,"1.9","25.7"]
["2025-2026",null,-156435,"3.4","24.4",null,-10198,"2.3","6.4",null,-166633,"3.3","26.0"]
["2024-2025",null,-151294,"6.9","24.5",null,-9969,"−0.1","6.4",null,-161263,"6.4","26.1"]
["2023-2024",null,-141553,"3.2","24.3",null,-9982,"−2.3","6.9",null,-151535,"2.8","26.0"]
["2022-2023",null,-137147,"7.6","24.7",null,-10222,"16.1","7.1",null,-147369,"8.1","26.5"]
["2021-2022",null,-127468,"6.9","25.1",null,-8804,"12.2","6.3",null,-136272,"7.2","26.9"]
["2020-2021",null,-119230,"11.1","26.4",null,-7848,"0.2","6.4",null,-127078,"10.4","28.2"]
["2019-2020",null,-107294,"9.3","23.3",null,-7835,"−11.8","6.7",null,-115129,"7.5","25.0"]
["2018-2019",null,-98209,"2.0","22.3",null,-8880,"−5.3","7.7",null,-107089,"1.4","24.4"]
["2017-2018",null,-96243,"7.4","23.0",null,-9376,"−1.7","8.6",null,-105619,"6.5","25.2"]
["2016-2017",null,-89612,"3.3","22.4",null,-9539,"−5.8","9.3",null,-99151,"2.3","24.8"]
["2015-2016",null,-86778,"0.5","22.4",null,-10124,"−2.1","10.1",null,-96902,"0.2","25.0"]
["2014-2015",null,-86373,"1.7","22.9",null,-10346,"−3.1","10.8",null,-96719,"1.2","25.7"]
["2013-2014",null,-84942,"4.4","23.2",null,-10672,"8.1","11.4",null,-95614,"4.8","26.1"]
["2012-2013",null,-81343,"2.5","22.9",null,-9869,"4.2","11.2",null,-91212,"2.7","25.7"]
["2011-2012",null,-79371,"3.8","23.0",null,-9472,"5.4","11.0",null,-88843,"3.9","25.7"]
["2010-2011",null,-76484,"3.6","23.2",null,-8985,"13.6","10.8",null,-85469,"4.5","26.0"]
["2009-2010",null,-73850,"5.4","23.4",null,-7909,"−3.6","10.1",null,-81759,"4.4","25.9"]
["2008-2009",null,-70075,"5.6","22.2",null,-8206,"−7.2","10.7",null,-78281,"4.1","24.8"]
["2007-2008",null,-66345,"6.4","21.6",null,-8846,"0.3","11.5",null,-75191,"5.7","24.5"]
["2006-2007",null,-62330,"n/a","21.4",null,-8820,"n/a","12.1",null,-71150,"n/a","24.4"]
["Note:","The data presented are forecasts for 2025-2026 to 2027-2028, actual data for 2024-2025 and adjusted data for 2023-2024 and previous years."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 29"]
[]
["Expenditure by portfolio for historical analysis"]
[null,null,null,"Santé et \nServices sociaux",null,null,"Éducation",null,null,"Enseignement supérieur",null,null,"Other portfolios",null,null,"Portfolio \nexpenditures"]
[null,null,null,"($million)","(% change)",null,"($million)","(% change)",null,"($million)","(% change)",null,"($million)","(% change)",null,"($million)","(% change)"]
["2027-2028",null,null,-68362,"2.1",null,-24466,"2.8",null,-11548,"2.5",null,-57293,"−0.3",null,-161669,"1.4"]
["2026-2027",null,null,-66939,"1.7",null,-23806,"1.8",null,-11262,"−0.2",null,-57479,"2.7",null,-159486,"2.0"]
["2025-2026",null,null,-65799,"2.5",null,-23384,"0.1",null,-11280,"−0.9",null,-55972,"6.9",null,-156435,"3.4"]
["2024-2025",null,null,-64195,"5.2",null,-23352,"16.4",null,-11383,"8.7",null,-52364,"4.7",null,-151294,"6.9"]
["2023-2024",null,null,-61000,"2.8",null,-20058,"2.8",null,-10476,"8.5",null,-50019,"2.8",null,-141553,"3.2"]
["2022-2023",null,null,-59341,"4.8",null,-19511,"12.0",null,-9655,"10.4",null,-48640,"8.8",null,-137147,"7.6"]
["2021-2022",null,null,-56601,"5.5",null,-17414,"5.2",null,-8747,"4.9",null,-44706,"9.8",null,-127468,"6.9"]
["2020-2021",null,null,-53649,"20.7",null,-16547,"4.2",null,-8336,"0.4",null,-40698,"5.2",null,-119230,"11.1"]
["2019-2020",null,null,-44437,"6.4",null,-15873,"6.6",null,-8302,"5.4",null,-38682,"14.8",null,-107294,"9.3"]
["2018-2019",null,null,-41746,"3.4",null,-14890,"4.7",null,-7873,"3.9",null,-33700,"−1.1",null,-98209,"2.0"]
["2017-2018",null,null,-40369,"3.4",null,-14218,"3.0",null,-7581,"5.9",null,-34075,"15.0",null,-96243,"7.4"]
["2016-2017",null,null,-39029,"3.7",null,-13807,"5.8",null,-7156,"1.6",null,-29620,"2.0",null,-89612,"3.3"]
["2015-2016",null,null,-37634,"1.6",null,-13056,"−0.5",null,-7042,"4.1",null,-29046,"−1.4",null,-86778,"0.5"]
["2014-2015",null,null,-37024,"3.3",null,-13125,"2.7",null,-6767,"−6.2",null,-29457,"1.2",null,-86373,"1.7"]
["2013-2014",null,null,-35827,"5.6",null,-12785,"5.6",null,-7217,"8.6",null,-29113,"1.6",null,-84942,"4.4"]
["2012-2013",null,null,-33940,"4.9",null,-12105,"1.7",null,-6644,"−0.2",null,-28654,"0.7",null,-81343,"2.5"]
["2011-2012",null,null,-32355,"4.2",null,-11897,"3.9",null,-6655,"8.1",null,-28464,"2.3",null,-79371,"3.8"]
["2010-2011",null,null,-31060,"3.9",null,-11452,"3.3",null,-6159,"1.8",null,-27813,"3.7",null,-76484,"3.6"]
["2009-2010",null,null,-29887,"6.8",null,-11084,"2.1",null,-6053,"7.1",null,-26826,"4.8",null,-73850,"5.4"]
["2008-2009",null,null,-27983,"6.7",null,-10855,"3.3",null,-5650,"2.0",null,-25587,"6.3",null,-70075,"5.6"]
["2007-2008",null,null,-26221,"6.9",null,-10506,"6.3",null,-5539,"11.5",null,-24079,"4.9",null,-66345,"6.4"]
["2006-2007",null,null,-24540,"n/a",null,-9879,"n/a",null,-4967,"n/a",null,-22944,"n/a",null,-62330,"n/a"]
["Note:",null,"The data presented are forecasts for 2025-2026 to 2027-2028, actual data for 2024-2025 and adjusted data for 2023-2024 and previous years."]

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["Back to table of contents"]
["Québec's Budgetary Statistics – November 2025"]
[]
["TABLE 30"]
[]
["Nominal GDP and accounting surplus (deficit)"]
[null,null,"GDP(1)",null,null,"Accounting surplus (deficit)(2)"]
[null,null,"($million)","(% change)",null,"($million)","(% of GDP)"]
["2027-2028",null,682986,"3.3",null,-4185,"−0.6"]
["2026-2027",null,661183,"3.1",null,-7149,"−1.1"]
["2025-2026",null,641252,"4.0",null,-9898,"−1.5"]
["2024-2025",null,616771,"5.9",null,-5175,"−0.8"]
["2023-2024",null,582495,"4.7",null,-5994,"−1.0"]
["2022-2023",null,556139,"9.6",null,-3126,"−0.6"]
["2021-2022",null,507464,"12.4",null,2567,"0.5"]
["2020-2021",null,451344,"−1.8",null,-4378,"−1.0"]
["2019-2020",null,459816,"4.6",null,1845,"0.4"]
["2018-2019",null,439686,"5.0",null,7675,"1.7"]
["2017-2018",null,418674,"4.9",null,2804,"0.7"]
["2016-2017",null,399225,"3.0",null,3944,"1.0"]
["2015-2016",null,387667,"2.9",null,3269,"0.8"]
["2014-2015",null,376878,"3.0",null,-730,"−0.2"]
["2013-2014",null,365802,"3.0",null,-2259,"−0.6"]
["2012-2013",null,355253,"2.7",null,-3325,"−0.9"]
["2011-2012",null,345763,"5.1",null,-2497,"−0.7"]
["2010-2011",null,329129,"4.3",null,-2539,"−0.8"]
["2009-2010",null,315540,"0.1",null,-3103,"−1.0"]
["2008-2009",null,315382,"2.7",null,-1430,"−0.5"]
["2007-2008",null,306946,"5.3",null,1484,"0.5"]
["2006-2007",null,291512,"3.7",null,1847,"0.6"]
["(1)","GDP statistics are on a calendar-year basis. GDP for 2024-2025 thus represents GDP for the period January 2024 to December 2024."]
["(2)","The accounting surplus (deficit) refers to the operating surplus (deficit) as presented in the public accounts."]