PQ Promises Balanced Budget with $6.6B Reduction in Bureacracy, Tax Cuts for Small Businesses
The party says savings would come from payroll reductions, tax cuts for businesses and lower subsidies for multinational corporations.
- On Tuesday, Parti Québécois Leader Paul St-Pierre Plamondon released the party's election fiscal plan, promising to balance the provincial budget by 2028-2029, a year ahead of current government projections.
- The PQ's plan mandates a $6.6-billion reduction in government spending over five years, with the party targeting a 2.5 per cent reduction in total public payroll to achieve fiscal balance.
- Candidate Nicolas Marceau stated the party would reinvest savings into health care and education while slashing subsidies for multinational corporations to fund tax cuts for small and medium-sized businesses.
- The auditor general warned that the province requires serious belt-tightening to address its deficit as Quebecers prepare to vote on October 5 amid tight fiscal constraints.
- As the last party to release its fiscal platform, the PQ differentiates its accelerated budget-balancing timeline from the current government's projections, positioning fiscal discipline as a central campaign message.
15 Articles
15 Articles
Its financial framework plans to generate $6.6 billion in savings by reducing the government's payroll.
PQ promises balanced budget with $6.6B reduction in bureacracy, tax cuts for small businesses
The Parti Québécois unveiled a fiscal framework Tuesday promising to balance Quebec’s budget by 2028-29, but party leader Paul St-Pierre Plamondon was notably absent as the party presented its economic plan. Instead, the announcement was led by the PQ’s economic team and candidates, as St-Pierre Plamondon prepares for upcoming election debate tonight. “We were promised a government of accountants. Instead, we ended up with a government that does…
The Parti Québécois promises to finance 6.5 billion promises with its "fight for bureaucracy" which will allow it to generate savings of 6.6 billion and achieve a return to balanced budgets a year earlier than expected. The formation promises to protect health, education and culture, but does not quantify its growth in spending for these portfolios.
TVA Nouvelles
The Parti Québécois undertook to return to the zero deficit a year earlier than the other parties, that is, in 2028-2029.
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