This briefing note looks at why Quebec should stick to its current strategy of depositing substantial sums in the Generations Fund, even though the province has entered an era of budget surpluses and has managed to reduce its net debt-to-GDP ratio.
The New Reality for Public Finances in Quebec and Canada
The New Reality for Public Finances in Quebec and Canada
Provincial Economic Analysis
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Through the Generations Fund, Quebec has been able to reduce its net debt-to-GDP ratio. Meanwhile, it has entered an era of budget surpluses, and nothing indicates a change in the short term. However, with the federal government strategically favouring a return to deficits, Quebec’s heavy tax burden rules out the possibility of any increase in revenue should it become necessary to pay off the federal government’s deficit or repay the debt. In these circumstances, Quebec should not deviate from its current strategy of depositing substantial sums in its Generations Fund.
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