Montréal’s 2023 Financial Report
In 2023, in spite of economic slowdown and inflation, Montréal closed out the year with a surplus. The city has maintained its efforts to meet the needs of the population, while building a resilient and inclusive metropolis. Discover the details of its 2023 Financial Report.
Operating activities
Operating activities include all the city’s current expenses.
For the year 2023, Montréal declared an unconsolidated surplus for tax purposes of $187.6 million from operating activities. Contributing to this result was a surplus of $145.1 million for municipal responsibilities, comprising $60.4 million from the boroughs and $84.7 million from central departments. Also factored in was a surplus of $42.5 million for agglomeration responsibilities.
Origins of the surplus
Source of revenues, and operating, financing and allocations expenses
Total revenues: $6,610.7 million
Total operating, finance and allocations expenses: $6,423.1 million
Capital investments and loan activities
Capital investments include all the investments that the city makes to maintain, upgrade, modernize and develop its infrastructures, buildings, and sports and cultural facilities.
After a significant slowdown since 2020, the level of investment in 2022 and 2023 is close to what it was before the pandemic. In 2023, investments totalled $ 2.0 billion, an increase of $78.8 million (4.2%) compared to 2022.
The main investments made in 2023 were related to:
- The environment and underground infrastructure ($709.6 million)
- Road infrastructure ($451.9 million)
- Buildings ($329.6 million)
- Parks, green spaces and playgrounds ($193.4 million)
Activities by asset class (in millions of dollars)
Total sums invested in 2023: $1,974.3 million
Documents
Quick search
Need help?
Contact us if you have questions.