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  Budget 2021-2022

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 39.9% of GDP, compared to the provincial average of 30.8%.

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, 2020 (percentage of GDP)
Province T.-N.-L. Qc Ont. N.-B. Féd. Man. N.-S. PEI Sask. B.C. Alta.
Moyenne 40.8 39.9 39.6 36.4 35.2 34.2 32.7 29.3 14.8 14.7 12.3
(1) A negative entry indicates that the government has an accumulated surplus.
Sources : Public accounts of the provinces and the Government of Canada.