What will the road like the Budget Balance look like?

Trump effect

First of all, something should be noted: The Scenario Donald Trump is not considered by the Institute Du Québec (IDQ). Meanwhile, the US president is impossible to predict the true influence of the state treasury in front of Canada. However, we know that government expenditures are affected by business support, 50 million credit programs affected by François Leault, and for example, with an increase in the social assistance request, such as a business loan program. The revenue will decrease: less taxes by companies and individuals are less than taxes, less taxes are less than the fact that consumers are frugal. Conclusion: Trade conflict will worsen the deficit. At the beginning of the month, Finance Minister Eric Girard, 9 billion with 9 billion, the budget deficit of 2025-2026 could be revised to be revised. Schedule to return to balance can also be rejected. François Legault has changed Budget Balance Act In 1996, to ensure that the “significant deterioration of economic conditions” adopted by Lucien Bouchard.

Society finances are already in trouble

This is the observation of the concerned IDQ: Quebec was in a difficult budget in a difficult budget before this new shock. Therefore, the way to return to balance will be more difficult than expected. And the scenario set by IdQ, in spite of the legitimate table (2029-2030), is considered to be “acute” even “acute”, even by its authors. It is impossible to succeed in this problem by respecting the liabilities of the Leafter, it is impossible to say, that is, “it is impossible to ensure the stable financing of the state without increasing the tax burden of the Quebecers.”

To get a balance, the IDQ increases 2.4% healthy and 1.8% near inflation to inflation, inflation, and 3.9% in education in education) (3.9% in education). Other state missions, employment or early childhood, for example, only 0.5%, i would have compression years under inflation. This can create enough savings of $ 3.9 billion.

“It’s never done and probably neither real nor undesirable. (…) only show the degree of efforts,” Emna Braham, IdQ General Manager and General Manager.

It was not enough to slow the costs, will need to increase income

Despite these compressions, Quebec would not leave the dormitory. Demographics must also increase tax income for playing against us. In the next 20 years, the 25-54-year-old population, the main contribution of state revenues, the main contribution of 128,000 people, and more health consumers in the 70s will increase 553,000 people. When Quebec government expenses increase, revenues are stagnating.

The GOBEC Sales Tax (TVQ) offers an increase in tax equivalent to 0.5 points. This may result in an increase in taxes on smoking or gasoline. The goal is to make an additional $ 1.6 billion income.

Sun beam

However, there are good news in this report: In 2024-2025, the debt service of up to 5.5% in 2024-2025 will continue to decrease. It is explained by the reduction of interest rates among other things. And even without the main change to restore the Budget Balance, Quebec must see the reduction in debt (35.5%), although the law does not have enough to achieve the target determined by law. Obviously what does this mean? On the budget side, there was more space for the “maneuver”, more in the state of the state of the Quebec state, more related to the investment in the state of recession. M^my Braham, especially our aging infrastructure like schools, hospitals and roads, you need to better maintain. This is undoubtedly the way to the government and Hydro Québecin intention to accelerate the construction of infrastructure is the way François Legault.