Quebec Projects Smaller Deficit, Aims to Balance Budget by 2030.

The article focuses on Quebec’s 2026 budget, which aims to reduce the province’s deficit through increased tax revenue and controlled spending despite economic uncertainties and ongoing trade tensions with the United States. Quebec’s Finance Minister projects a C$8.6 billion deficit for the upcoming fiscal year, an improvement from the current year, with plans to balance the budget by 2029-2030 by bridging a C$2 billion gap. The budget includes accelerated public infrastructure investments and funding for high-potential sectors, while targeting a reduction in net debt from 38.8% to 32.5% of GDP by 2037-2038. Political factors, including the separatist Parti Quebecois’ fluctuating support and an upcoming leadership change in the governing Coalition Avenir Quebec, add complexity to the province’s fiscal outlook. [Extracted from the article]