Financial Digest

Deficit of $11 billion and other highlights from Quebec's 2024-25 budget

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Quebec Finance Minister Eric Girard on Tuesday tabled his sixth budget, with big spending increases for health and education. Here are some highlights. - Deficit of $11 billion, which includes a $1.5-billion contingency reserve and a $2.

Quebec Finance Minister Eric Girard on Tuesday tabled his sixth budget, with big spending increases for health and education. Here are some highlights.

- Economic growth — real GDP, adjusted for inflation — is expected to rise by 0.6 per cent in 2024 and by 1.6 per cent in 2025. - Plan to find $2.9 billion in savings over five years by abolishing or reforming certain business tax credits; by asking provincially owned companies — including the hydro utility and the liquor board — to reduce expenses; and by investing in programs to increase tax collection and fight economic crime.

 

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