- Budget Speech 2016‑2017 (429 Ko)
- The Québec Economic Plan – March 2016 (6.47 Mo)
- Additional Information 2016‑2017 (2.88 Mo)
- Economic Plan in Brief (687 Ko)
Minister of Finance Carlos Leitão delivered Budget Speech 2016‑2017 on March 17, 2016.
Return to a balanced budget thanks to good revenue management and exemplary spending control
Regaining the freedom to make our own choices and relying on the talents of Quebecers
Balanced budget 2016‑2017
Spending growth will rise from 1.7% in 2015‑2016 to 2.7% in 2016‑2017, while the budget will remain balanced
Québec is the only Canadian jurisdiction, apart from British Columbia, to have a balanced budget in 2015‑2016
Despite the uncertain global economy, the economic climate in Québec remains favourable
The Generations fund is 10 years old
The Generations Fund is the most powerful instrument of intergenerational equity ever adopted by a government
$1.2 billion in additional investments
$500 million over three years to increase success
$700 million in education and higher education infrastructure
Increasing investments in the renovation and upgrading of educational institutions in order to:
Total investments of $4 billion in infrastructure for the next 2 years
Rénovert, a new tax credit of 20% for eco‑friendly home renovations, representing nearly $175 million in tax relief
An innovative society
Transformation to a knowledge‑based economy
Economic Plan 2016‑2017: Additional economic support of $3.6 billion by 2020‑2021
Increased support for Québec SMBs
A new electricity rate discount for businesses representing $539 million to stimulate manufacturing investment
Support for key sectors for the development of all the regions
$230 million for the forest sector: activities in all regions of Québec representing 60 000 jobs
Development of the Plan Nord and the mining sector
Investments of $620 million for mining site reclamation
Immediate reduction in the health contribution
Reduction of the childcare rate in respect of a second child
Assistance for the aboriginal community
Labour market participation
Budget 2016‑2017 marks a major milestone for our government in delivering on our commitments regarding public finance management and economic development. This second consecutive balanced budget, a first since March 2008, clearly shows that we have gotten our fiscal house in order and that we have laid a solid foundation on which to build our prosperity.
Today, Québec is in a much better position to address the challenges that are slowing the economy.
Together, we have regained the capacity to leave a modern, prosperous Québec for future generations.
I therefore invite you to discover the Québec Economic Plan and its measures seeking, among other things, to strengthen funding for education, support individuals and families, and foster the development of a changing economy.
Minister of Finance