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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 decrease from 1,539.6 million dollars in 2022 to 1,502.7 million dollars in 2029. Net debt as of financial year ended December 31st, 2024 is 1 523,7M$.

2022-2024: Actual
2025-2029 : Forecasts

Guidelines to limit indebtedness

Ratios 2022 2023 2024 2025 2026 2027 2028 2029 Target
Net debt service
to operating expenses (%)
14.1 14.1 13.2 12.7 12.5 12.3 12.2 12.2 ≤ 10
Consolidated net debt (%) 87.4 86.4 78.7 78.9 81.2 82.4 83.3 83.6 ≤ 70
Net Debt/GDP Québec CMA (%) 2.7 2.6 2.3 2.4 2.4 2.4 2.4 2.4 -

2022-2024: Actual
2025-2029: Forecasts

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

In this graph, we see constant dotation for financial reserve for debt payment of 50 million dollars and constant payment of pay-as-you go capital financing of 157.7 million dollars. Infrastructure reserve for climate change follow its annual increase of 15 million dollars and it reaches 45M$ in the 2025 budget.

2022-2024: Actual
2025-2029: Forecasts