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  Budget 2020-2021

Comparisons with other governments in Canada

Regardless of the concept of debt, Québec remains one the most indebted provinces in Canada.

As at March 31, 2020, Québec’s net debt burden stood at 37.3% of GDP, compared with the provincial average of 30.4%.1

Québec’s net debt burden is expected to increase to 43.3% in 2021 and then decrease to 42.3% in 2023.

Net debt of governments in Canada as at March 31, 2020 - Percentage of GDP

Gross debt and debt representing accumulated deficits as at March 31, 2017 (percentage of GDP)
Province T.-N.-L. Ont. Qc N.-B. Féd. Man. N.-É. Î.-P.-É. C.-B. Sask. Alb. Qc 2021 Qc 2023
Moyenne 42,1 39,7 37,3 36,6 35,0 33,7 33,1 30,7 14,8 14,7 12,4 12,4 12,4
(1) A negative entry indicates that the government has an accumulated surplus.
Sources : Public accounts of the provinces and the Government of Canada.

Weighted average as a proportion of GDP.