Sign up for our newsletter and get a curated list of the top trending stories and exclusive rewards every day.

Trending Topics

Get the MTL Blog app

Download on the App StoreGet it on Google Play

This "Debt Clock" Shows You Exactly How Much Money Quebec Owes

You'll never believe how bad it is.
This "Debt Clock" Shows You Exactly How Much Money Quebec Owes

Everyone who lives in Quebec realizes that we're in a bit of trouble. The corruption, the crumbling infrastructure, the disappearing businesses and of course, the debt.

But how bad is the debt exactly?

Most of us have no way of knowing how much money Quebec owes, we simply assume it's a lot. But it's much worse than you imagine.

Quebec actually has a debt clock and by the time you finish reading the sentence, the province will owe another $5,000.

The debt calculated is called the public sector debt which includes everything the government owes, the social service debt, the education debt, the debt of individual municipalities as well as the debt of the corporations the government runs.

As of March 22nd at 2:15 pm, the debt shown is over $276,000,000,000!

That's about $68,000 for every taxpayer in Quebec, which places us at #5 on the list of the nations with most debt. Which is insane considering we're only a single province.

Check out IEDM's website for more information or to see the debt clock of other countries. 

More from MTL Blog

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.

Loading...