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Financial Profile

Debt

Ville de Québec’s responsible financial management and diversification of its funding sources reduce debt pressure every year. This reduction is projected to continue in the coming years.

Net debt ($M)

This graph shows that net debt will increase from 1,551.3 million dollars in 2021 to 1,507.7 million dollars in 2028.

2021-2022: Actual
2023-2028 : Forecasts

Guidelines to limit indebtedness

Ratios 2021 2022 2023 2024 2025 2026 2027 2028 Target
Net debt service to operating expenses (%) 13.6 14.7 14.6 13.7 13.2 12.9 12.5 12.3 ≤ 10
Consolidated net debt (%) 95.3 91.4 87.0 86.9 85.0 85.1 84.1 84.0 ≤ 70
Net Debt/GDP Québec CMA (%) 3.3 3.1 2.8 2.9 2.8 2.8 2.8 2.8 -

2021-2022: Actual
2023-2028: Forecasts

Pay-as-you-go capital financing and financial reserves ($M)

In this graph, we see a financial reserve for debt payment of 50 million dollars, a pay-as-you go capital financing of 157.7 million dollars and an infrastructure reserve for climate change of 30 million dollars in the 2024 budget.

2021-2022: Actual
2023-2028: Forecasts

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