Eric Girard Finance Minister’s budget to be controlled by five points star-news.press/wp

The Minister of Quebec in Eric Girard will store the seventh quote this afternoon in the National Assembly in a unprecedented context in the National Assembly with Americans. It is a dangerous and “complex” exercise marked with a high level of uncertainty. Here are the main aspects.

1) Record the deficit, but how much?

Last year, in Quebec, the prediction of a $ 11 billion budget hole created astonishment. This time, Mr. Girard prepared the field for a new record deficit, but we still don’t know the magnitude.

The deficit will be more important because the economy needs to helpHe simply explained.

On Monday, the Minister of Finance also reviewed the deficit due to the good performance of the Quebec economy in the 1924-2025 exercise, especially at the end of the last year. The predicted more efficient savings generate more tax income, but here, again, the 2024-2025 event deficit will be seen with a budget camera on Tuesday.

Due to the fear of the tariff, several companies have put investment projects on ice. It has been the highest level of uncertainty in the surrounding policy for several decades. Therefore, Quebec wants to revitalize the economy.

Private investment is a low investment and our mission is to make public investmentsHe stressed Mr. Girard a few days ago.

2) a recession or economic slowdown?

Another government problem, the economic context weighs its income. When it was updated last November, Quebec rose by 1.5% in Quebec economy in 2025.

DesjardinS forecasting, the Gross Domestic Product in Quebec rose by 0.9% in 2025 and 0.7% in 2026%.

It is even worse, the financial institution gives the Quebec into a recession in the second quarter of 2025 (like Canada), as they will be the prices established by the United States.

But Girard minister is pessimistic. It doesn’t have to see this year’s recession in Quebec and especially the April 2 price wave can be short.

I think it’s not imposing prices in the United States. Yes, the threat is there, but there will be discussions.

The Government of Quebec, however, will present economic growth scenarios when the budget is accumulated. One of them will give a recession, but it is a scenario alternativeHe says ministers.

3) Innovation and Innovation Investments

Expenses will be revised upwards in certain sectors of the economy, especially business support and support measures along with the United States. Already, Quebec reported that Economic Support of $ 50 million per company was reported in early March.

Prime minister François Legault also asked him to invest more infrastructure in the finance minister to help the end of the quebec economy. The quebec infrastructure plan (PQI) elements will be revealed today.

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Girard minister wants to bet more about innovation and wants companies and SMEs to be more productive. In recent years, an important gap has spread with the United States in this chapter. The rare event will enter the budget specifically in the budget.

Despite the context complex According to him, Quebecers’s services will be maintained, I would like to emphasize Mr. Girard. We focus on the economy and we have not forgotten to protect public services.

In his economic update last November, Quebec wanted to retain the expenditure of ministries in 2025-2026, which indicates inflation. Behind the scenarios, several groups are afraid to return to Quebec Austerity.

4) No increase in TVQ or income tax

In a final study, the Institut has suggested Quebec (IDQ) raising the Quebec sales tax (TV) to recover budget balance and reduce the province debt.

But the government has no intention of any purpose or tax on gasoline or income tax, Eric Girard confirmed Monday.

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However, it seems that the door is open to other changes that may affect the Cover in Quebec, in terms of prices or reduced tax credits. Last year, the Ministry of Finance has studied government tax expenditure.

There are measures that were created, such as those important about thirty years agoHe underlined the minister.

5) And the return of a balanced budget, in all of which?

Despite the anemic economic growth, Quebec plans to return to the budget balance at 2029-2030, according to the act of balancing budget.

It is difficult in the short term, but we take responsibility for gestures and we will safely reachHe stressed Mr. Girard.

The financial minister, therefore, will present its new path on Tuesday, zero deficit.

In Economic Update, in 2025-2026, he gave a $ 925-2026 million deficit (ultimately) in 2026-2027, 2026-2028, 2028-2029, 2028-2029 and 2029-2030.

According to the Budget Balance Act, Quebec could delay Zero deficit damage if the province was introduced during the recession.

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With the help of Marc Gosselin