Huh, what? Should you fasten your belt as before?
We can at least say that the Finance Minister Eric entrusts on the line of Girard. The seventh budget invested in Tuesday confirms that it will make a great effort to return to a balanced budget.
However, the Liberals and Conservatives are a different message sent to citizens by sending tax discounts to citizens with an extreme extent … exactly as we saw in Quebec during the last election campaign.
We pay the price today. After we can not return after the election, we see how difficult it is to return.
Quebec for 2025-2026 does not end with 13.6 billion deficiencies. As required by law, there will be unprecedented stiff and discipline to restore balance in five years.
In order to reach, the Finance Minister restricts the limits of portfolio expenditures 1.7% per year and in average for an average of five years. Given inflation, we are talking about reducing costs.
This is a big problem.
In order to perspective, between the most modest increase in the last decades in 2012-2013 and 20177, the portfolio expenditures in the five-year increase in five years increased by 2.5% per year, an average of 2.5%.
The population shouted in the “hardness”. Imagine the next five years …
If the government is strictly, the government will have to be clear and transparent with citizens, because it is very important to build a public admission needed for budget restoration of the province.
However, the return of the balance is far from earning in advance, because the minister’s plan is based on very moving variables.
The first variable.
Donald Trump’s attacks are based on 10% of the ministerial assumptions, and the American president threatened to go to 25% since early April.
In such a scenario, the economy will be decline and eric Girard acknowledged it Budget Balance Act. The debt will be forced to change the law, as the accumulated shortcomings of recent years prevent him from achieving its goals.
Avenir Québec (CAQ) coalition, in 2023, to say that these laws controlling healthy management of our state finance are reconsidered! It is disappointed to see that it is so quick to humiliate.
The second variable.
Yesterday includes a hole in the budget. Actually two.
The government says it will return to balance in 2029-2030, but in fact, it will remain “will be vaccinated” for 2.5 billion. These are still undefined compressions.
In addition, the budget is estimated that more than 750 million income from capital gain tax is calculated … Conservatives and liberals promise to eliminate this event that will compel the region’s adaptation.
If so, the hole will be a total of 3.25 billion in total.
The third variable.
The annual growth rate of the CAQ is difficult to believe in the restriction of up to 1.7% a year after maintaining an annual growth rate in six years.
Every year is the same story. Costs are always higher than expected. In this account, 2 billion reserves will be quickly covered in the year, the minister’s goals.
But you must return the Caesari what is. Minister Girard, the simplification and modernization of tax events that will host the state chests.
He also comes with greeting measures to whip the economy.
The new loan, research, which promote updates, should ensure that these research should lead to the start of new products and start a missing link in Quebec.
In addition, by increasing the public expenditures in 7% infrastructure, the government, uncertainty is carried out at a time to prevent companies from investing. Played well.
We will be better if we are sure that Quebec companies have received maximum public contracts. In a basis, the government has a key role in playing to help our companies develop and help innovations.
Innovation is the key to productivity in Quebec so much. Private … but also to the public. In this chapter, the Treasury Board is active to optimize the government’s expenses.
Will he be able to do more with fewer things? Reduce costs without affecting services? We wish him success.
This will be held in 2026. Spend spending yet!
The biggest threat of return to a balanced budget plan is perhaps the next election campaign.
