Exhibit 99.17
TABLE 1
Québec government
Summary of budgetary transactions
Preliminary results for 2021-2022
(millions of dollars)
| 2021-2022 | ||||
| REVENUE | ||||
| Own-source revenue | 105 914 | |||
| Federal transfers | 29 547 | |||
| Total | 135 461 | |||
| EXPENDITURE | ||||
| Portfolio expenditures(1) | –121 874 | |||
| Debt service | –8 441 | |||
| Total | –130 315 | |||
| COVID-19 support and recovery measures | –9 043 | |||
| SURPLUS (DEFICIT) | –3 897 | |||
| BALANCED BUDGET ACT | ||||
| Deposits of dedicated revenues in the Generations Fund | –3 457 | |||
| BUDGETARY BALANCE BEFORE USE OF THE STABILIZATION RESERVE | –7 354 | |||
| Use of the stabilization reserve | 1 221 | |||
| BUDGETARY BALANCE(2) | –6 133 |
| (1) | COVID-19 support and recovery measures are not included in portfolio expenditures. |
| (2) | Budgetary balance within the meaning of the Balanced Budget Act, after use of the stabilization reserve. |
| Your Government | 36 |
TABLE 2
Québec government
Summary of budgetary transactions
Forecasts for 2022-2023
(millions of dollars)
| 2022-2023 | ||||
| REVENUE | ||||
| Own-source revenue | 109 691 | |||
| Federal transfers | 28 790 | |||
| Total | 138 481 | |||
| EXPENDITURE | ||||
| Portfolio expenditures(1) | –127 789 | |||
| Debt service | –8 842 | |||
| Total | –136 631 | |||
| COVID-19 support and recovery measures | –2 355 | |||
| Provision for economic risks and other support and recovery measures | –2 500 | |||
| SURPLUS (DEFICIT) | –3 005 | |||
| BALANCED BUDGET ACT | ||||
| Deposits of dedicated revenues in the Generations Fund | –3 445 | |||
| BUDGETARY BALANCE(2) | –6 450 |
| (1) | COVID-19 support and recovery measures are not included in portfolio expenditures. |
| (2) | Budgetary balance within the meaning of the Balanced Budget Act. |
| Budget Speech | |
| 37 | 2022-2023 |
TABLE 3
Québec government
Revenue
Forecasts for 2022-2023
(millions of dollars)
| 2022-2023 | ||||
| OWN-SOURCE REVENUE | ||||
| Income and property taxes | ||||
| Personal income tax | 41 147 | |||
| Contributions for health services | 7 299 | |||
| Corporate taxes | 10 882 | |||
| School property tax | 1 178 | |||
| 60 506 | ||||
| Consumption taxes | ||||
| Sales taxes(1) | 22 940 | |||
| Fuel | 2 141 | |||
| Tobacco products | 899 | |||
| Alcoholic beverages(2) | 637 | |||
| Cannabis(3) | 89 | |||
| 26 706 | ||||
| Revenue from government enterprises | ||||
| Hydro-Québec | 2 525 | |||
| Loto-Québec | 1 383 | |||
| Société des alcools du Québec | 1 360 | |||
| Investissement Québec | 256 | |||
| Société québécoise du cannabis | 94 | |||
| Other | 10 | |||
| 5 628 | ||||
| Duties and permits | 5 171 | |||
| Miscellaneous revenue | 11 680 | |||
| TOTAL OWN-SOURCE REVENUE | 109 691 | |||
| FEDERAL TRANSFERS | ||||
| Equalization | 13 666 | |||
| Health transfers | 7 078 | |||
| Transfers for post-secondary education and other social programs | 1 531 | |||
| Other programs | 6 515 | |||
| TOTAL FEDERAL TRANSFERS | 28 790 | |||
| TOTAL REVENUE | 138 481 | |||
| (1) | Sales taxes, within the meaning of the Public Accounts, include, in particular, the QST, the tax on insurance premiums, the tax on lodging and the specific duty on new tires. For presentation purposes, revenue from pari-mutuel is included in sales taxes. |
| (2) | Revenue from the specific tax on alcoholic beverages includes the annual amount of $500 million dedicated to the Generations Fund. |
| (3) | Québec’s component of the excise duty on cannabis sales. |
| Your Government | 38 |
TABLE 4
Québec government
Expenditure
Forecasts for 2022-2023
(millions of dollars)
| 2022-2023 | ||||
| PORTFOLIO EXPENDITURES | ||||
| Portfolio expenditures(1) | 127 789 | |||
| COVID-19 support and recovery measures | 2 355 | |||
| TOTAL PORTFOLIO EXPENDITURES | 130 144 | |||
| DEBT SERVICE | 8 842 | |||
| TOTAL EXPENDITURE | 138 986 |
| (1) | COVID-19 support and recovery measures are not included in portfolio expenditures. |
| Budget Speech | |
| 39 | 2022-2023 |
TABLE 5
Québec government
Expenditure by portfolio
Forecasts for 2022-2023
(millions of dollars)
| 2022-2023 | ||||
| PORTFOLIO EXPENDITURES | ||||
| Affaires municipales et Habitation | 3 884 | |||
| Agriculture, Pêcheries et Alimentation | 1 358 | |||
| National Assembly | 167 | |||
| Conseil du trésor et Administration gouvernementale | 4 752 | |||
| Conseil exécutif | 953 | |||
| Culture et Communications | 1 773 | |||
| Cybersécurité et Numérique | 663 | |||
| Économie et Innovation | 3 617 | |||
| Éducation | 19 120 | |||
| Énergie et Ressources naturelles | 830 | |||
| Enseignement supérieur | 10 141 | |||
| Environnement et Lutte contre les changements climatiques | 1 935 | |||
| Famille | 7 909 | |||
| Finances | 4 415 | |||
| Forêts, Faune et Parcs | 1 115 | |||
| Immigration, Francisation et Intégration | 666 | |||
| Justice | 1 501 | |||
| Persons appointed by the National Assembly | 238 | |||
| Relations internationales et Francophonie | 137 | |||
| Santé et Services sociaux | 55 842 | |||
| Sécurité publique | 2 305 | |||
| Tourisme | 487 | |||
| Transports | 6 481 | |||
| Travail, Emploi et Solidarité sociale | 5 535 | |||
| Inter-portfolio eliminations(1) | –5 680 | |||
| TOTAL | 130 144 | |||
| DEBT SERVICE | 8 842 | |||
| TOTAL EXPENDITURE | 138 986 | |||
| Note: | Totals may not add due to rounding. |
| (1) | Inter-portfolio eliminations result mainly from the elimination of reciprocal transactions between entities in different portfolios. |
| Your Government | 40 |
