Skip to main content

The Parti Québécois's Thursday budget aims to tame the deficit in two years, building a reputation of fiscal responsibility for the party as Quebec prepares for a potential election.

For more coverage of Thursday's budget, read here. For analysis of new measures to protect Quebec-incorporated companies from hostile takeovers, read here.


Taming the deficit and cutting costs

The PQ government maintains it will eliminate the deficit – estimated at $2.5-billion as of March 31, 2014, and $1.75-billion in 2014-15 – by the 2015-16 fiscal year. The budget does not promise any new income or corporate tax increases, but introduces measures to fight tax evasion that are expected to raise revenue by $60-million a year.

Quebec’s net debt is projected at $182-billion. The government proposes to increase deposits in the province’s Generation Fund by $425-million a year as of 2016-2017 to help reduce long-term debt.

The government will launch a major review of services in all departments over the next five years to cut costs.

The growth forecast for 2014 projects a 1.9-per cent increase in real GDP.


Child care and education

Daycare fees will increase from $7 to $8 a day on Sept. 1, 2014, and to $9 a day on Sept. 1, 2015. Rates will be indexed to cost of living in subsequent years.

Tuition fees for foreign students will be increased as part of a plan to save $60-million a year.

The government intends to reduce the number of school boards and cut costs by $125-million a year.


Health care

The budget introduces patient-based funding for hospitals, linking funding to the number of patients treated in the institution. It includes financial incentives based on results obtained from treatments.

The budget also includes a 3-per-cent increase in health-care spending.



Unemployment reached 7.7 per cent in 2013. The budget plans to create 125,000 new jobs over the next three years.

The budget includes a commitment to reduce payroll cost of public servants and doctors, and a pledge to protect corporate head offices from leaving the province.



The budget offers $4-million a year to train part-time volunteer firefighters in the aftermath of the Lac-Méantic and L’Isle-Verte disasters.

What else?

The budget proposes a 5.8-per cent increase in hydro rates, as requested by the Quebec Energy Board.

It offers an additional $270-million to build 3,250 new low-income housing units, and $91-billion over 10 years for infrastructure.

Story continues below advertisement

Report an error Editorial code of conduct Licensing Options
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to