Report card · Fall 2026
Quebec
Fiscal year 2025-26. The short version first, then every figure behind it, from the government's audited public accounts.
The short version
In 2025-26, Quebec spent $165.9 billion, about $18,292 for every resident. That was almost exactly what it had planned.
It ended the year with a deficit of $5.5 billion, better than the deficit of $11.4 billion it had planned.
Its independent auditor (Auditor General of Québec (Vérificateur général du Québec)) signed off on the accounts without reservation.
The audited results came out 108 days after the year ended.
What it means per person
Quebec's totals divided by its population of 9,071,310 on October 1, 2025 (Statistics Canada). This is not a tax bill: every Canadian pays for federal and provincial or territorial government at the same time, and some of this money comes from other governments.
- Spent $18,292 per resident, on services, programs and transfers
- Collected $17,685 per resident, in taxes, transfers and other revenue
- Paid in interest $1,119 per resident, about 6¢ of every revenue dollar
- Net debt $27,108 per resident, what it owes, less its financial assets
Where every dollar went
Of every dollar Quebec spent in 2025-26, as the government groups its spending.
- 40¢ Health and Social Services
- 14¢ Education
- 11¢ Other portfolios
- 7¢ Higher Education
- 6¢ Debt service
- 22¢ Everything else
What went off plan
The areas furthest from their budget, in dollars. Going over isn't automatically bad (an emergency or a program added during the year can be the reason), and coming in under can mean delayed work.
Over budget
- Transport and Sustainable Mobility +$1.9 billion (25.6%)
- Debt service +$478 million (4.9%)
- Families +$325 million (3.5%)
Under budget
- Other portfolios −$1.5 billion (−7.2%)
- Environment, Climate Change, Wildlife and Parks −$634 million (−26.0%)
Context from the documents
- The release date is approximate: it is the date of the auditor's report and the transmittal of the Public Accounts.
Questions worth asking
Based only on the figures above. Put them to your MLA, MP or candidates, or to the finance department.
- Transport and Sustainable Mobility cost $1.9 billion more than budgeted (25.6% over). What was the reason?
- Interest on debt took about 6.5 cents of every dollar of revenue. What is the plan for the debt over the next few years?
Every figure behind this page, exactly as published, with the page it came from.
We extracted these figures from a PDF: Public Accounts 2025-2026 – Volume 1 – Consolidated Financial Statements of the Gouvernement du Québec. They are shown exactly as published, in millions of dollars, with the page each one came from. Check them against the official document .
The year in figures
Actual results against the budget printed in the same audited statements. Amounts in millions of dollars. Debt and accumulated balances are shown as positive amounts; the label says which they are.
| Item | Actual | Budget | Difference | Where we found it |
|---|---|---|---|---|
| Total revenue | 160,428 | 156,342 | +4,086 +2.6% | Actual: Page 88 (PDF 95) Budget: Page 88 (PDF 95) |
| Total expenses | 165,930 | 165,772 | +158 +0.1% | Actual: Page 88 (PDF 95) Budget: Page 88 (PDF 95) |
| Annual surplus (deficit) | −5,502 | −11,430 | +5,928 | Actual: Page 88 (PDF 95) Budget: Page 88 (PDF 95) |
| Net debt | 245,907 | 255,003 | −9,096 −3.6% | Actual: Page 89 (PDF 96) Budget: Page 90 (PDF 97) |
| Accumulated deficit | 127,398 | — | — | Actual: Page 89 (PDF 96) |
| Debt service | 10,148 | 9,670 | +478 +4.9% | Actual: Page 88 (PDF 95) Budget: Page 88 (PDF 95) |
Spending by area
Expenses by sector or function, as the government groups them, in millions of dollars. The thin line marks the budget.
Audit and release
- Auditor
- Auditor General of Québec (Vérificateur général du Québec)
- Opinion
- Unmodified (clean)
- Audited results released
- July 17, 2026
- Days after year end
- 108
Source documents
We link to the official documents rather than republishing them. We kept a copy of each, as downloaded, so these figures can be re-checked even if a link changes.
Right of reply
No response from Quebec has been published yet.
Quebec can respond to this section. We confirm every response by phone before publishing it, then publish it here in full, unedited. If you find an error, tell us through the contact form on our About page. Corrections are noted on the page; figures are never changed silently.
Figures collected and checked November 6, 2026.
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