Canada · 13 h ago
Quebec premier says the previous government left the finances in disarray
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"The previous government is leaving the house in disarray."
— Premier Paul St-Pierre Plamondon
He said Quebec faces a significant budget deficit and "courageous decisions" will be needed to reduce it. He did not say how large the shortfall is.
Before Fund payment
$5.2 billion
With Fund payment
$8.6 billion
The CAQ's pre-election report in August projected a $5.2 billion deficit for 2026-27, or $8.6 billion with the payment to the Generations Fund.
What's next
The PQ promised a return to balanced budgets in 2028-29. Its first-100-days pledges include removing the sales tax on used goods and cutting the gas tax by seven cents a litre.
