This briefing looks at the 2012 Quebec budget and concludes that the province remains on course to eliminate its deficit by 2013–14.
Document Highlights
- Quebec remains on track to return to fiscal balance by fiscal year 2013–14. However, global economic uncertainty and a weak recovery in labour markets could delay this target.
- Reducing the province’s debt will be challenging—it now accounts for more than 54 per cent of GDP.
- Budget 2012 contains no new taxes or fee increases, but it does promise a new investment vehicle for retirement savings starting in 2013.
- The Government of Quebec will implement a new climate change program that will be self-financed through a carbon market.
There are no reviews yet.