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Quebec Budget 2018 The Conference Board of Canada, March 27, 2018 Website

Quebec Budget 2018

The Conference Board of Canada, March 27, 2018
Website

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The Quebec government’s 2018 budget includes significant increases in program spending, thanks to the strong economic performances and the accumulated surpluses of the past few years. Document Highlights The Quebec 2018 budget provides a number of key projections, promises, and plans, including: Provincial government spending will grow by nearly 6 per cent in 2018–19 but will then return to a more sustainable level of 3.5 per cent in the short term. Quebec’s economy has performed well over the last year, but the long-term trend is toward weaker growth—around 1.5 per cent a year—due to the aging of the population. Quebec plans to pay down its debt by $10 billion over the next five years, which will lead to savings of close to $400 million a year for the government in the long term. The Quebec government plans to continue making annual payments into the Generations Fund and to spend $2 billion a year on paying off its bonds as they come due.

The Quebec government’s 2018 budget includes significant increases in program spending, thanks to the strong economic performances and the accumulated surpluses of the past few years.

Document Highlights

The Quebec 2018 budget provides a number of key projections, promises, and plans, including:

Provincial government spending will grow by nearly 6 per cent in 2018–19 but will then return to a more sustainable level of 3.5 per cent in the short term.
Quebec’s economy has performed well over the last year, but the long-term trend is toward weaker growth—around 1.5 per cent a year—due to the aging of the population.
Quebec plans to pay down its debt by $10 billion over the next five years, which will lead to savings of close to $400 million a year for the government in the long term.
The Quebec government plans to continue making annual payments into the Generations Fund and to spend $2 billion a year on paying off its bonds as they come due.