Quebec will have a deficit of $13.6 billion in the next fiscal year

Donald Trump's presidency weighs heavily on Minister Girard's forecasts, which, however, foresees a return to fiscal balance within five years.

"Last year, François Legault, with the deficit of 11 billion, was the king of deficits. Éric Girard has already announced that he will be the super-king of deficits this year. (...) François Legault, last year, the king of deficits, is now the super-king of deficits, François Legault. (...) Last year, François Legault, it was the Wayne Gretzky of waste. This year, it is the Alex Oveshkin of waste, François Legault. He beats record on record." 0:…

QUEBEC — Here are the highlights of the budget presented on Tuesday by Quebec's Minister of Finance, Eric Girard: – The government expects a deficit of $13.6 billion for fiscal year 2025-2026, after payments to the Generations Fund. It is a record in Quebec's history. The deficit for the year 2024-2025, which was to be set at $11 billion, will finally be lower than expected, at $10.4 billion. – Quebec maintains its plan to return to fiscal balan…

Here are the highlights of the budget presented on Tuesday by Quebec's Minister of Finance, Eric Girard: – The government expects a deficit of $13.6 billion for fiscal year 2025-2026, after payments to the Generations Fund. It is a record in Quebec's history. The deficit for the year 2025-2025, which was to be set at $11 billion, will finally be lower than expected, at $10.4 billion. – Quebec maintains its plan to return to fiscal balance. The d…