The debt
At 31 March 2026, Québec's net debt stood at $245.9B, or $27,169 per capita.
Sources: Ministère des Finances du Québec, Public Accounts 2025-2026, vol. 1, p. 88 (consolidated statement of operations) and p. 89 (net debt), published 17 July 2026; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
Sources: Ministère des Finances du Québec, Public Accounts 2025-2026, vol. 1, p. 88 (consolidated statement of operations) and p. 89 (net debt), published 17 July 2026; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
Net debt at 31 March
Liabilities minus financial assets, in current dollars.
View the data
| As of | Net debt | Net debt per capita | Debt service |
|---|---|---|---|
| 31 March 2016 | $198.1B | $24,224 | $10.1B |
| 31 March 2017 | $195.2B | $23,726 | $9.6B |
| 31 March 2018 | $192.0B | $23,153 | $9.4B |
| 31 March 2019 | $188.6B | $22,485 | $8.9B |
| 31 March 2020 | $188.1B | $22,168 | $7.8B |
| 31 March 2021 | $194.6B | $22,756 | $7.8B |
| 31 March 2022 | $196.8B | $22,957 | $8.8B |
| 31 March 2023 | $208.8B | $24,092 | $10.2B |
| 31 March 2024 | $220.0B | $24,951 | $10.0B |
| 31 March 2025 | $236.2B | $26,292 | $10.0B |
| 31 March 2026 | $245.9B | $27,169 | $10.1B |
Sources: Ministère des Finances du Québec, Public Accounts, Volume 1: financial statistics, dataset updated 21 October 2025; Ministère des Finances du Québec, Public Accounts 2025-2026, vol. 1, p. 88 (consolidated statement of operations) and p. 89 (net debt), published 17 July 2026; Statistics Canada, Population estimates (17-10-0005-01) and Consumer Price Index (18-10-0005-01), dataset updated 23 September 2026.
While you read this page
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Order of magnitude: the fiscal year's debt service, spread evenly over every second of the year ($322 per second, $27.8M per day). Interest is not actually paid this way.
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