TABLE 1
Québec government
Summary of budgetary transactions
Preliminary results for 2023-2024
| (millions of dollars) | |
| 2023-2024 | |
| REVENUE | |
| Own-source revenue | 115 486 |
| Federal transfers | 31 290 |
| Total | 146 776 |
| EXPENDITURE | |
| Portfolio expenditures | −141 347 |
| Debt service | −9 650 |
| Total | −150 997 |
| SURPLUS (DEFICIT) FROM OPERATIONS | −4 221 |
| BALANCED BUDGET ACT | |
| Deposits of dedicated revenues in the Generations Fund | −2 081 |
| BUDGETARY BALANCE(1) | −6 302 |
| (1) Budgetary balance within the meaning of the Balanced Budget Act. | |
Budget Speech Tables | 1 |
TABLE 2
Québec government
Summary of budgetary transactions
Forecasts for 2024-2025
| (millions of dollars) | |
| 2024-2025 | |
| REVENUE | |
| Own-source revenue | 120 904 |
| Federal transfers | 29 397 |
| Total | 150 301 |
| EXPENDITURE | |
| Portfolio expenditures | −147 815 |
| Debt service | −9 762 |
| Total | −157 577 |
| SURPLUS (DEFICIT) FROM OPERATIONS BEFORE CONTINGENCY RESERVE | −7 276 |
| Contingency reserve | −1 500 |
| SURPLUS (DEFICIT) FROM OPERATIONS | −8 776 |
| BALANCED BUDGET ACT | |
| Deposits of dedicated revenues in the Generations Fund | −2 222 |
| BUDGETARY BALANCE(1) | −10 998 |
| (1) Budgetary balance within the meaning of the Balanced Budget Act. | |
| 2 | Budget 2024-2025 Budget Plan |
TABLE 3
Québec government
Revenue
Forecasts for 2024-2025
| (millions of dollars) | |
| 2024-2025 | |
| OWN-SOURCE REVENUE | |
| Income and property taxes | |
| Personal income tax | 44 952 |
| Contributions for health services | 8 670 |
| Corporate taxes | 12 116 |
| School property tax | 1 310 |
| 67 048 | |
| Consumption taxes | |
| Sales taxes(1) | 24 149 |
| Fuel | 2 120 |
| Tobacco products(2) | 991 |
| Alcoholic beverages | 637 |
| Cannabis(3) | 94 |
| 27 991 | |
| Revenue from government enterprises | |
| Hydro-Québec | 2 045 |
| Loto-Québec | 1 514 |
| Société des alcools du Québec | 1 437 |
| Investissement Québec | 308 |
| Société québécoise du cannabis | 95 |
| Other | 19 |
| 5 418 | |
| Duties and permits | 5 940 |
| Miscellaneous revenue | 14 507 |
| TOTAL OWN-SOURCE REVENUE | 120 904 |
| FEDERAL TRANSFERS | |
| Equalization | 13 316 |
| Health transfers | 8 554 |
| Transfers for post-secondary education and other social programs | 1 351 |
| Other programs | 6 176 |
| TOTAL FEDERAL TRANSFERS | 29 397 |
| TOTAL REVENUE | 150 301 |
| (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. They also include, for presentation purposes, revenue from pari-mutuel. |
| (2) | These amounts include revenue from the Québec component of the excise duty on vaping products. |
| (3) | This is Québec’s component of the excise duty on cannabis. |
Budget Speech Tables | 3 |
TABLE 4
Québec government
Expenditure
Forecasts for 2024-2025
| (millions of dollars) | |
| 2024-2025 | |
| Portfolio expenditures | −147 815 |
| Debt service | −9 762 |
| TOTAL EXPENDITURE | −157 577 |
| 4 | Budget 2024-2025 Budget Plan |
TABLE 5
Québec government
Portfolio expenditures
Forecasts for 2024-2025
| (millions of dollars) | |
| 2024-2025 | |
| PORTFOLIO EXPENDITURES | |
| National Assembly | 186 |
| Persons appointed by the National Assembly | 148 |
| Affaires municipales et Habitation | 5 064 |
| Agriculture, Pêcheries et Alimentation | 1 651 |
| Conseil du trésor et Administration gouvernementale | 5 275 |
| Conseil exécutif | 774 |
| Culture et Communications | 1 952 |
| Cybersécurité et Numérique | 172 |
| Économie, Innovation et Énergie | 3 983 |
| Éducation | 22 364 |
| Emploi et Solidarité sociale | 5 615 |
| Enseignement supérieur | 11 060 |
| Environnement, Lutte contre les changements climatiques, Faune et Parcs | 2 092 |
| Famille | 8 498 |
| Finances | 3 529 |
| Immigration, Francisation et Intégration | 745 |
| Justice | 1 804 |
| Langue française | 67 |
| Relations internationals et Francophonie | 202 |
| Ressources naturelles et Forêts | 1 445 |
| Santé et Services sociaux | 61 909 |
| Sécurité publique | 2 518 |
| Tourisme | 534 |
| Transports et Mobilité durable | 6 603 |
| Travail | 225 |
| Reallocation of government expenditures during the year | −600 |
| TOTAL | 147 815 |
| DEBT SERVICE | 9 762 |
| TOTAL EXPENDITURE | 157 577 |
| Note: Totals may not add due to rounding. | |
Budget Speech Tables | 5 |
