Government budget and revenue in Quebec, Canada: official figures
The provincial government of Quebec took in $171.9 billion of revenue in the 2024/25 fiscal year (Statistics Canada government finance statistics, reference year 2024), or $19,138 per resident; 4th highest of 13 provinces and territories per resident. Revenue was $164.4 billion a year earlier.
How much does the government of Quebec spend?
Expenses of the government of Quebec came to $187.8 billion in 2024/25, $20,903 per resident (4th highest of 13 provinces and territories), against $173.8 billion in the previous year.
Source: Statistics Canada · saved copyDoes the government of Quebec have a deficit?
Revenue minus expense left the government of Quebec with a net operating deficit of $15.9 billion in 2024/25, equal to 9.2% of revenue; 3rd weakest balance of 13 provinces and territories.
Source: Statistics Canada · saved copyWhere does the government of Quebec get its money?
Taxes made up 63.8% of revenue for the government of Quebec in 2024/25 ($109.7 billion), and grants from other levels of government, which include federal transfers, made up 17.9% ($30.7 billion); 5th lowest share of 13 provinces and territories for grants.
Source: Statistics Canada · saved copyHow much income tax does Quebec collect?
Personal income tax raised $46.4 billion for the government of Quebec in 2024/25 (27.0% of revenue), and taxes on goods and services, including sales and fuel taxes, raised $39.6 billion (23.0%).
Source: Statistics Canada · saved copyHow much interest does the government of Quebec pay?
Interest on debt cost the government of Quebec $19.5 billion in 2024/25, 10.4% of its expenses; the highest share of 13 provinces and territories. Social benefits paid directly to people came to $18.7 billion.
Source: Statistics Canada · saved copyWhat is the debt of Quebec?
At the end of 2024/25, the government of Quebec had financial assets of $388.5 billion and liabilities of $495.5 billion, a net financial debt of $107.0 billion, or $11,915 per resident; 5th weakest position of 13 provinces and territories per resident.
Source: Statistics Canada · saved copyHow much has the government of Quebec borrowed?
Debt securities such as bonds and treasury bills issued by the government of Quebec stood at $283.9 billion at the end of 2024/25, $31,612 per resident, against $266.3 billion a year earlier.
Source: Statistics Canada · saved copyHow Quebec compares with other provinces
Provincial or territorial government revenue per resident, 2024/25 (2024/25)
Quebec ranks 4 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government revenue per resident, 2024/25 |
|---|---|---|
| 1 | Nunavut | $79,963 |
| 2 | Northwest Territories | $69,532 |
| 3 | Yukon | $44,293 |
| 4 | Quebec | $19,138 |
| 5 | Saskatchewan | $17,641 |
| 6 | Prince Edward Island | $17,242 |
| 7 | Newfoundland and Labrador | $17,242 |
Provincial or territorial government expense per resident, 2024/25 (2024/25)
Quebec ranks 4 of 13, highest first. Population on 1 July 2024.
| Rank | Region | Provincial or territorial government expense per resident, 2024/25 |
|---|---|---|
| 1 | Nunavut | $78,443 |
| 2 | Northwest Territories | $63,966 |
| 3 | Yukon | $43,873 |
| 4 | Quebec | $20,903 |
| 5 | Saskatchewan | $19,278 |
| 6 | Prince Edward Island | $18,595 |
| 7 | Newfoundland and Labrador | $17,814 |
Net operating balance as a share of revenue, 2024/25 (2024/25)
Quebec ranks 11 of 13, highest first. Negative values are deficits.
| Rank | Region | Net operating balance as a share of revenue, 2024/25 |
|---|---|---|
| 7 | Newfoundland and Labrador | -3.3% |
| 8 | Manitoba | -7.7% |
| 9 | Prince Edward Island | -7.8% |
| 10 | Ontario | -8.2% |
| 11 | Quebec | -9.2% |
| 12 | Saskatchewan | -9.3% |
| 13 | British Columbia | -16.5% |
Net financial worth per resident, 2024/25 (negative = net debt) (2024/25)
Quebec ranks 9 of 13, highest first.
| Rank | Region | Net financial worth per resident, 2024/25 (negative = net debt) |
|---|---|---|
| 6 | New Brunswick | $-7,444 |
| 7 | Saskatchewan | $-8,460 |
| 8 | Nova Scotia | $-11,267 |
| 9 | Quebec | $-11,915 |
| 10 | Prince Edward Island | $-13,032 |
| 11 | Manitoba | $-16,986 |
| 12 | Newfoundland and Labrador | $-18,663 |
Interest as a share of government expense, 2024/25 (2024/25)
Quebec ranks 1 of 13, highest first.
| Rank | Region | Interest as a share of government expense, 2024/25 |
|---|---|---|
| 1 | Quebec | 10.4% |
| 2 | Newfoundland and Labrador | 10.0% |
| 3 | Manitoba | 10.0% |
| 4 | Ontario | 7.3% |
| 5 | New Brunswick | 5.8% |
| 6 | Prince Edward Island | 5.2% |
| 7 | Saskatchewan | 5.1% |
Grants from other levels of government as a share of revenue, 2024/25 (2024/25)
Quebec ranks 9 of 13, highest first.
| Rank | Region | Grants from other levels of government as a share of revenue, 2024/25 |
|---|---|---|
| 6 | Manitoba | 36.5% |
| 7 | Nova Scotia | 34.6% |
| 8 | Newfoundland and Labrador | 25.5% |
| 9 | Quebec | 17.9% |
| 10 | British Columbia | 17.6% |
| 11 | Ontario | 17.4% |
| 12 | Saskatchewan | 17.2% |
More on Quebec: overview · economy and jobs · health · education and schools · poverty and living standards · Canada
Sources
- Statistics Canada: Table 10-10-0017-01: Canadian government finance statistics for the provincial and territorial governments (Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 1ced6a105cfe…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.