US EditionThe Spectre of a Referendum Costs Us $20 Million a Year, Says Quebec Finance Minister
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11 Articles
Uncertainty of Quebec separation referendum costs province $20M every year: finance minister
The possibility of a referendum on sovereignty is already costing Quebec $20 million a year, according to Finance Minister Eric Girard. At a press conference at the National Assembly on Wednesday, Girard explained that the uncertainty surrounding the referendum is increasing Quebec’s borrowing costs by at least five basis points. “If our average borrowing cost […]
The Parti Québécois project already increases the cost of government borrowing by at least five basis points, the Minister of Finance estimates.
The spectre of a referendum already costs Quebec $20 million a year, according to Finance Minister Eric Girard.
The only prospect of consultation adds a risk premium to government borrowings, he says.
The threat of a referendum on Quebec sovereignty already has an impact on public finances, says the Minister of Finance. Borrowing costs are rising by at least 20 million per year due to political uncertainty.
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