Summary of consolidated results

(millions of dollars)

Without line-by-line consolidation of the networks⁽⁷⁾
												Stabilization reserve
	Own-source revenue	Federal transfers⁽¹⁾	Consolidated revenue	Portfolio expenditures	Debt service	Consolidated expenditure	Contingency reserve	Surplus (deficit) in the public accounts	Revenues dedicated to the Generations Fund	Accounting changes and other⁽²⁾	Budgetary balance within the meaning of the Act	Allocations	Uses	Budgetary balance within the meaning of the Act after reserve^(3),(4)
2020-2021	93 789	25 600	119 389	–107 467	–9 138	–116 605	–100	2 684	–2 684		—			—
2019-2020	90 714	24 924	115 638	–104 038	–8 996	–113 034	–100	2 504	–2 504		—			—
2018-2019	90 146	23 411	113 557	–99 052	–8 899	–107 951	—	5 606	–3 106		2 500	–2 500		—
2017-2018	85 919	22 485	108 404	–94 249	–9 240	–103 489		4 915	–2 293		2 622	–2 622		—
2016-2017	82 903	20 179	103 082	–89 193	–9 527	–98 720		4 362	–2 001		2 361	–2 361		—
2015-2016	81 245	18 901	100 146	–86 493	–10 009	–96 502		3 644	–1 453		2 191	–2 191		—
2014-2015	77 444	18 539	95 983	–85 577	–10 270	–95 847		136	–1 279	418	–725			–725
2013-2014	74 727	18 550	93 277	–84 382	–10 598	–94 980		–1 703	–1 121		–2 824			–2 824
2012-2013	70 526⁽⁵⁾	17 517	88 043	–80 719	–9 839	–90 558		–2 515	–961	1 876⁽⁶⁾	–1 600			–1 600
2011-2012	69 517	16 938	86 455	–78 792	–9 451	–88 243		–1 788	–840		–2 628			–2 628
2010-2011	65 414	17 493	82 907	–76 362	–8 935	–85 297		–2 390	–760		–3 150			–3 150
2009-2010	61 539	17 110	78 649	–73 745	–7 844	–81 589		–2 940	–725	58	–3 607		433	–3 174
2008-2009	58 189	15 081	73 270	–66 397	–8 131	–74 528		–1 258	–587		–1 845	–109⁽⁸⁾	1 845⁽⁹⁾	—
2007-2008	58 434	14 733	73 167	–62 765	–8 752	–71 517		1 650	–449		1 201	–1 201	—⁽⁹⁾	—
2006-2007	57 679	11 970	69 649	–58 933	–8 723	–67 656		1 993	–584		1 409	–1 300		109
Before government accounting reform in 2006-2007⁽⁷⁾
2005-2006	52 680	11 122	63 802	–56 206	–7 559	–63 765		37			37			37
2004-2005	50 302	9 939	60 241	–53 456	–7 449	–60 905		–664			–664			–664
2003-2004	47 463⁽⁵⁾	10 120	57 583	–50 700	–7 241	–57 941		–358			–358			–358
2002-2003	45 701⁽⁵⁾	9 457	55 158	–48 754	–7 132	–55 886		–728			–728			–728
2001-2002	43 116⁽⁵⁾	9 476	52 592	–46 259	–7 261	–53 520		–928			–928		950	22
2000-2001	44 779	8 319	53 098	–44 115	–7 606	–51 721		1 377			1 377	–950		427
1999-2000	42 823	6 530	49 353	–41 973	–7 373	–49 346		7			7			7

Federal transfers are presented on a cash basis until 2004-2005 and on an accrual basis thereafter.
The Balanced Budget Act stipulates that the budgetary balance must: a) exclude the retroactive effect of a new CPA Canada standard for the years preceding the changeover year proposed by CPA Canada; b) take into consideration the effects of accounting changes, for a date subsequent to March 31, 2006, posted directly to accumulated deficits. This rule does not apply to accounting changes resulting from the implementation of the 2006-2007 accounting reform.
For years prior to 2009-2010, the consolidated budgetary balance does not take into account the changes made to the mechanics of the reserve by the Act to amend the Balanced Budget Act and various legislative provisions concerning the implementation of the accounting reform (S.Q. 2009, chapter 38). As of 2009-2010, the data take the impact of the Act into account.
The budgetary balance within the meaning of the Balanced Budget Act after reserve takes into account the allocations to and uses of the stabilization reserve to keep the budget balanced.
Own-source revenue includes Hydro-Québec’s extraordinary loss of $1 876 million stemming from the closure of the Gentilly-2 nuclear power plant in 2012-2013 and the extraordinary losses of the Société générale de financement du Québec of $358 million in 2003-2004, $339 million in 2002-2003 and $91 million in 2001-2002.
The Balanced Budget Act stipulates that the budgetary balance for fiscal year 2012-2013 must be determined by excluding the result, shown in Hydro-Québec's annual consolidated financial statements, from activities abandoned following the decision to close the Gentilly-2 nuclear power plant.
From 2006-2007 to 2008-2009, the net results of the bodies in the health and social services and education networks were established using the modified equity method. As of 2009-2010, the revenue and expenditure of the networks’ bodies are consolidated line by line, like those of non budget funded bodies and special funds.
In accordance with section 32 of the Act to amend the Balanced Budget Act and various legislative provisions concerning the implementation of the accounting reform (S.Q. 2009, chapter 38), the sum of $109 million, corresponding to the difference between the recorded surplus and the anticipated surplus for 2006-2007, was allocated to the stabilization reserve in 2008-2009.
In addition to the use of $1 845 million in 2008-2009 for the maintenance of a balanced budget, deposits of $132 million in 2008-2009 and $200 million in 2007-2008 were made in the Generations Fund using the stabilization reserve.