Total revenue of public colleges (including CEGEPs and polytechnics) increased by 10.5%, rising from $14.6 billion in 2021/2022 to $16.1 billion in 2022/2023. Total expenditures increased by 7.7% to $15.5 billion in 2022/2023, resulting in a total surplus of $591 million for the year. Dollar figures in this release are expressed in 2023 constant dollars to remove the effect of inflation and to enable comparisons over time.