Quebec to Pay $9.5 Billion in Debt Interest This Year: Think Tank

Quebec to Pay $9.5 Billion in Debt Interest This Year: Think Tank
Canadian dollar coins are pictured in Vancouver on May 29, 2019. The Canadian Press/Jonathan Hayward
Tara MacIsaac
Updated:
0:00

Quebec will pay $9.5 billion in debt interest this year, equivalent to all the income tax paid by 1.5 million Quebecers, says think tank MEI.

In other words, almost 85 percent of all the people in Montreal will pay all their income tax to just cover the debt interest.