Minister of Finance Eric Girard delivered Budget Speech 2020-2021 on March 25, 2021.
Mr. President,
I have the honour today of tabling the Québec budget, this government's third budget, which was produced under circumstances unlike any we have ever experienced.
2020 was marked by an exceptional public health crisis, which struck the entire planet. It has left a considerable number of victims in its wake and has brought major sectors of the economy to a halt across the globe.
Québec has not been spared, either in terms of deaths or the pandemic's social and economic impacts. It has taken a major toll on a number of sectors, resulting in massive job losses and putting enormous financial pressure on many businesses and Quebecers.
In response to this large-scale public health and economic crisis, we have been there for Quebecers to help them overcome the difficulties and challenges it has created.
Since the start of this battle we have been fighting for a year, the Québec government has mobilized considerable resources to care for those affected by the pandemic and to support health care workers, who are on the front lines fighting this disease.
We have helped the entire education sector. We have helped workers who have lost their jobs. We have supported business owners who have been hard hit by restriction measures. We have implemented significant measures to support artists and the cultural sector.
We have done this in partnership with the federal government and municipalities.
As we speak, the fight continues.
Yet, there is hope on the horizon. As the Premier announced on March 16, all Quebecers who wish to be vaccinated should have received at least a first dose by June 24, our national holiday.
This gives us confidence in the future, and it is with this confidence that we have prepared this budget.
After the brutal shock last spring, Québec's economy proved to be remarkably resilient.
For 2020, Québec's economy held up better than the Canadian economy, with production declining 5.2% in Québec compared to 5.4% in Canada.
Many businesses have had to adapt and find ways to maintain and, in some cases, step up their pace of production. I applaud Québec business owners for their impressive ability to adapt.
Despite this resilience, we should not underestimate the major challenge before us. We just experienced a historic shock, which will have long-term effects on the economy and public finances.
The public health crisis has had a direct impact on our public finances.
To weather this storm and support the economy, the government has increased its expenditures by several billion dollars, while revenues have dropped. Suddenly, the Québec budget showed substantial deficits.
The deficits will reach $15 billion in 2020-2021 and $12.3 billion in 2021-2022.
Given the circumstances, these deficits were inevitable.
The government was forced to urgently mobilize its resources to protect health and education services, support Quebecers and assist businesses. The resulting expenditures were necessary.
The government was able to take swift action immediately because even before the onset of the public health crisis, Québec's public finances were sound. The budget was balanced, the debt was going down and we had reached our target gross debtto-GDP ratio sooner than anticipated. Rating agencies had also recognized the quality of our budget management.
Faced with our current deficits, a few factors are reassuring.
However, we cannot deny reality.
The repercussions of this shock on public finances will be felt for several years to come. Vaccination will allow us to resume near-normal life, but the deficits will not go away as quickly as the pandemic.
We firmly intend to restore public finances that were impacted by the public health crisis. We will accomplish this by acting responsibly.
We will restore fiscal balance, but we will not begin the process until after we have beaten the pandemic, returned to full employment and resumed economic growth.
I am announcing that the government has set an objective of restoring fiscal balance within seven years, that is, by 2027-2028.
Québec must do things in the right order.
The government will table amendments to the Balanced Budget Act to temporarily suspend it so that it does not trigger any obligations that could hinder sustainable economic growth or the quality of services.
The path to restoring fiscal balance is guided by several commitments.
It is with this same sense of responsibility and caution that we will resume the trajectory we began regarding reducing the debt.
As at March 31, 2021, the gross debt will stand at $219 billion, or 49.5% of GDP.
Our plan consists in stabilizing this ratio, and then reducing it as of 2025-2026.
Québec will therefore resume its trajectory of reducing its debt-to-GDP ratio, but it will take a few more years to do so.
We will accomplish this because we owe it to the next generations.
Mr. President, this budget reflects our resilience and confidence in the future.
It reflects our resilience as we are mobilizing the necessary means to beat the virus and help Quebecers deal with its consequences.
It reflects our confidence in the future as we are investing in the future while resuming and continuing on the trajectory begun with the first two budgets, with objectives that are just as ambitious.
This budget is focused on the government's three chief missions: health care, education and the economy.
Beyond these three key missions, we will bolster support for our citizens who need it the most and make our tax measures fairer.
With this budget, the government is sending a message of hope to all Quebecers.
We are overcoming a crisis like no other we have ever experienced. We can now resume a demanding and stimulating trajectory that will enable Québec to embark on a new stage of its development.
In keeping with parliamentary tradition, today, I am tabling the budgetary policy for fiscal 2021-2022.
I am asking for the National Assembly's consent to table the following documents: :
I am also tabling the March 2021 Budget Plan and the companion documents, which are an integral part of the budget.
First this budget contains measures to strengthen the health care system.
Since the beginning of its term, the government has made a considerable effort to improve its health care services by increasing the health budget by 5.0% in 2019-2020, and then by 5.7% in 2020-2021, before the onset of the pandemic.
This effort had to be intensified this year due to the public health crisis.
With this budget, we are continuing to invest in health care. Additional resources allocated to health care will reach $10.3 billion, for a total of $15.2 billion between now and 2025-2026.
In the health sector, the government intends to first and foremost beat the virus and ensure the continuity of certain measures introduced in response to the crisis.
All told, the government will have allocated close to $12 billion to fighting the pandemic.
For the two-year period starting in March 2020, we anticipate that the COVID-19 pandemic will have generated costs of just over $8.9 billion.
The government is allocating $3 billion to ensure the continuity of certain measures introduced in 2020-2021 and 2021-2022 in order to permanently increase the capacity for intervention with seniors.
The past year has been marked by tragedies, such as those seen in CHSLDs.
To avoid having to relive these painful episodes, the Premier launched a blitz last spring aimed at filling patient-care attendant positions before the second wave of the pandemic.
These individuals who are caring for our seniors are here to stay. Outdated CHSLDs will be gradually replaced with seniors' homes. Québec is taking the necessary means to treat its most vulnerable seniors with all the dignity they deserve.
The additional resources set aside to ensure the continuity of measures introduced during the crisis will enable us to:
We will go further by capitalizing on all of the changes made during the crisis to build a more efficient and better performing health care system that meets everyone's needs, particularly those of seniors.
The government will provide a total of $3.3 billion between now and 2025-2026 for:
Of this total, the government is dedicating $1.3 billion to make services more accessible to Quebecers.
To respond to the public health crisis, the health and social services network developed innovative and efficient solutions. Work was organized differently, a number of professional practices were decomparmentalized and the use of digital technology became much more widespread.
To build on this progress, the government will allocate $527 million over the next five years to improving access to frontline medical services. We are will add access points to quickly take charge of patients who do not have a family doctor.
The public health crisis has highlighted the public's immense needs with regard to youth protection, mental health and assistance for vulnerable persons. The isolation, fear of being infected and upheaval of their day-to-day routines have taken a toll on many Quebecers.
Over the next five years, the government will be setting aside $795 million to meet these various needs.
Between now and 2026, the government will allocate $252 million to ensuring the safety and well-being of youth in difficulty.
In particular, this funding will help improve wait times to access local services and increase the rate of cases handled. Between now and 2025-2026, $150 million will be invested in services provided as part of the Jeunes en difficulté service program.
The government also plans to improve psychosocial and mental health services. Over the next year, a new action plan on mental health will be unveiled. Overall, the government is setting aside $288 million between now and 2026 for mental health.
Additional resources of $255 million will be provided to meet the needs of vulnerable persons.
A portion of these resources will be used to implement the next action plan on homelessness and improve services available to women who are victims of domestic violence.
Care and services for seniors are a priority for the government and my colleague, the Minister Responsible for Seniors and Informal Caregivers.
By 2026, the government has earmarked nearly $2 billion in additional appropriations to improve them.
Of this amount, $1.5 billion will be earmarked for home-support services and improvements to home care. For the government, it is essential for seniors and people with disabilities to preserve their autonomy and stay in their homes for as long as possible.
Resources of $750 million will allow for additional hours for home care and services to be offered. In 2019-2020, approximately 370 000 people had access to 22.7 million hours of home care, and the pandemic has increased the desire of seniors to remain in their homes for as long as possible.
I am announcing a gradual increase in the refundable tax credit for homesupport services for seniors from 35% to 40% and an increase in financial assistance for seniors living in an apartment building, which represents a cost of $394 million over five years.
This enhancement will be more beneficial to low-income seniors and those with more diminished autonomy.
$388 million in additional resources will be allocated to services offered in private seniors' residences.
The government will gradually reduce subsidies to private seniors' residences for their care staff, and ensure that these residences continue to offer their services. The government will support renovations in facilities and help residences obtain insurance coverage, in order to prevent many of them from closing and to avoid brutal cost increases for seniors.
In addition, the government is allocating $429 million by 2026 to strengthening care and services in senior housing, as well as to improving the quality of life of informal caregivers.
The public health crisis has demonstrated the extent of the health care system's needs and the urgency of ensuring stable and adequate funding for it. Population growth and aging will have a major impact on health care costs.
However, we will also need the federal government to do its fair share by increasing health transfers to the provinces and territories.
We would like the federal government to significantly readjust its share of funding for provincial and territorial health care spending from 22% to 35%, without conditions.
The request was unanimously made to the federal government by the provinces and territories in September 2020 and on several occasions since then.
The federal government must be a genuine financial partner in terms of health care, as pressure on costs continues to rise.
As for the Québec government, it will take on its responsibilities, because health care needs are essential.
However, without a readjustment of federal funding, there will be a growing imbalance in Canada's public finances between the federal government and the provinces and territories.
The second strategic priority of this budget is education. We will help young people stay in school and succeed.
As soon as the government took power, it made education a collective priority. It has invested in it heavily, increasing the education and higher education budget by 5.7% in 2019-2020, and then by 5.9% in 2020-2021.
This budget includes additional investments, both to help young people get through the crisis and to ensure their success through a modernized education and higher education system that meets their needs.
The government wants to provide Québec with a more equitable and better performing education system, which helps shape responsible, skilled, creative and engaged citizens. The government is aiming for a higher education system that is innovative, works closely with students and is focused on building their knowledge.
The government would like to support all young people and help them integrate into professional life and society.
Between now and 2025-2026, the government will allocate $1.5 billion to helping young people stay in school and succeed.
Over the next five years, we will allocate $574 million to helping students make up for lost ground and succeed by supporting the education system.
Since the beginning of the public health crisis, the education sector has faced huge challenges. In the spring of 2020, students, teaching staff and professional resources working in the school system were confronted with the suspension of educational services. Everyone played a role in providing distance learning in order to adhere to public health measures.
Over the course of the year, elementary and secondary school students have gone through major upheavals in their learning and, unfortunately, a number of them have fallen behind.
The government is mobilizing the necessary means to help students make up for lost ground and to reinforce their learning. Over the next two years, $170 million will be allocated to providing additional support for elementary and secondary school students.
To that end, my colleague, the Minister of Education, will focus on help with homework and tutoring, as well as hiring liaison officers to facilitate communication between schools and families.
We are also investing in the future by allocating $404 million to educational success over the next five years, in order to modernize the system and mobilize and encourage innovation.
Additional resources are being allocated to promoting the teaching profession as well as supporting students in teacher education.
Over the next five years, $93 million will be allocated to adding new specialized courses for gifted students and students experiencing difficulties.
Amounts have also been set aside for hiring special education technicians to improve school childcare services and for promoting the educational success of Aboriginal students.
Educational success is greatly influenced by the environment in which students learn on a daily basis. The government will provide funding of $80 million over two years, including $45 million in 2021-2022, to improve general building conditions of schools, as well as to improve their appearance and safety.
The government is also adding considerable resources to higher education, with investments of $669 million between now and 2025-2026. This funding is aimed at promoting the retention and graduation of students.
Students have spent the past year online, which has disrupted their learning and education. The public health crisis has been a formidable challenge for students, increasing their financial burden, jeopardizing their access to education and, at times, putting stress on their mental health.
Last October, the government announced measures to support students totalling $540 million over three years.
Over the next five years, the government will allocate nearly $300 million in additional resources to help students.
For a year, students have been unable to learn in optimal conditions or have discussions among themselves. We would like to lessen their financial burden in order to help them deal with the consequences of the public health and economic crisis. Measures have been implemented since the onset of the crisis to financially support students. In Budget 2021-2022, we are going even further.
I am announcing that full-time college and university students will receive a lump sum of $100 per term for the fall of 2020 and winter of 2021.
I am also announcing that interest on student loans will be eliminated for one year, from April 1, 2021 to March 31, 2022, in order to reduce student debt.
These two measures represent additional support of $155 million in 20212022.
As an additional measure to help students weather the public health crisis, the government is providing an additional $145 million to help them stay in school.
Faced with the public health crisis, higher education institutions have had to quickly adapt and offer students quality modes of distance learning. Universities will be supported in consolidating new practices and improving on them.
Additional resources will also be allocated to improving the health and well-being of students and staff, particularly with regard to mental health.
We are investing in the future by promoting graduation and better results. Between now and 2025-2026, the government will provide $369 million for this purpose.
My colleague, the Minister of Higher Education, will table an action plan on success in higher education, which will include funding of $150 million.
This action plan will primarily focus on developing practices that are tailored to the needs of students, diversifying the programs offered and developing knowledge.
The health and IT sectors have considerable labour needs.For the governement, training and graduation in theses fields are a priority. This budget provides $178 million for this purpose. These resources will be used to train more nurses, among other things.
The government is also setting aside additional resources to reinforce the presence of higher education institutions in the regions while promoting coordination between the various levels of education.
We will also help young people integrate into the labour market and society.
Among the population, young people have been the hardest hit by job losses and loss of income due to the pandemic. For many, the public and economic health crisis has compromised their integration into the labour market.
Between now and 2026, the government will invest $107 million to prepare youth to integrate into the job market and address issues that affect them personally.
Youth employment centres are firmly rooted in their communities. They help young people integrate into society by assisting them in finding a job, going back to school or creating a business.
We will promote the professional integration of youth by providing stable and more flexible funding to youth employment centres.
We will support young people who are neither in school nor employed in integrating into the labour market.
In 2018-2019, an estimated 200 000 young Quebecers found themselves in this situation. Québec needs them.
My colleague, the Minister of Labour, Employment and Social Solidarity will soon launch a call for projects to meet their needs.
The public health crisis has been extremely disruptive to youth entering the job market. On-the-job training is an advantageous way to complement their education and find a job.
I am announcing a 25% increase to the base rates for the refundable tax credit for an on-the-job training period for a one-year period.
To help young people integrate into society, we will also provide funding for the new youth action plan, which will be made public in the spring.
The government intends to provide additional support to promote recreation and sports.
The need to isolate due to the pandemic has deprived young people of sports and recreational activities at a time in their lives when the need to expend energy and socialize is the greatest.
The government firmly believes that student retention and educational success hinge on recreation and sports. Physical activities and sports are beneficial to everyone.
Between now and 2026, the government will provide funding of $113 million to encourage regular physical activities, sports and recreational activities.
This funding will be used to invest in sports infrastructure in schools and the development of parks, paths and outdoor skating rinks.
This budget is based on a third strategic priority: the economy. The government is mobilizing all necessary means to return to full employment, accelerate growth and stimulate the transition to the new economy.
We have given ourselves two years to ensure that all the jobs lost since the onset of the pandemic are recovered and that Québec's economy resumes its full potential. And it is our responsibility to accelerate growth and the transition to the new economy.
Our objectives are ambitious.
We believe we can make up for the growth lost during the public health crisis in order to resume the trajectory Québec was on when it tabled last year's budget.
We will build an increasingly green economy, which will create greater wealth and more high-paying jobs for Quebecers. We will boost Quebecers' disposable income by taking action in private investment, productivity and labour. We will focus on strategic sectors.
We want to close the wealth gap between Québec and Ontario and Canada with an economy running at full steam, which will enable us to take our place in Canada and the world.
With this budget, the government is allocating just over $4 billion to economic initiatives, while focusing on five strategic priorities.
The government is taking strong action to promote business investment by allocating nearly $2.2 billion over six years.
In order to learn from the crisis and prepare for the future, we are giving ourselves two years to make high-speed Internet accessible to all.
In recent years, high-speed Internet access has become an essential service for individuals and businesses. That is why we have committed to providing it to all Quebecers. By ushering in teleworking and remote learning, the public health crisis has shown the urgency of delivering on this commitment.
Like previous Québec governments and other provincial governments, we have encountered obstacles in the last few years. We were told that connecting everyone by the end of 2022 would be impossible.
The Premier refused to accept this.
With significant will, determination and means, the government has freed up the necessary resources to ensure that high-speed Internet is accessible throughout Québec by the end of 2022. This would be a first in Canada.
I am announcing that the government will invest $1.255 billion over the next two years to make high-speed Internet accessible across Québec.
This will enable everyone to benefit from modern services, such as telemedicine, distance learning, online sales and teleworking.
By making high-speed Internet accessible to all by the end of 2022, the government will ensure that all Quebecers in every region will be equipped with what has become an essential condition for socio-economic development.
As it extends access to high-speed Internet across Québec, the government will also be once again increasing its investments in infrastructure.
Investing in infrastructure will help spur economic activity in the short term, while modernizing equipment and creating and supporting high-paying jobs.
In order to restart the economy, create wealth and ensure a rapid return to full employment, the government will increase and accelerate its investments as part of the Québec Infrastructure Plan, or QIP.
With a more ambitious QIP than ever before, the government is laying the groundwork for robust long-term growth and ensuring that Quebecers have modern infrastructure in the future.
Between now and 2026, the government will invest an additional $753 million to encourage businesses to adopt new technologies, and thereby increase their productivity, by implementing three tax measures.
As an additional way to boost productivity and support investment, the government will allocate $167 million to renewing strategies for aerospace and aluminum. These resources will also help to develop the battery sector and critical and strategic minerals.
Efforts related to the battery industry and critical and strategic minerals are in keeping with the 2030 Plan for a Green Economy, which was released by the government in November 2020.
Under the 2030 Plan for a Green Economy, the government committed to a major transformation in order to reduce greenhouse gas emissions by electrifying the economy while creating wealth.
The 2021-2026 implementation plan of the Plan for a Green Economy is the most ambitious to date, with a financial framework providing for expenditures of $6.7 billion over five years.
This framework is in addition to massive investments in infrastructure, the government's efforts to reduce its own greenhouse gas emissions, and actions by HydroQuébec, Investissement Québec and other government bodies.
This budget includes additional funding to support the rollout of Québec's first strategy on green hydrogen and bioenergy.
The government will invest $218 million in innovation between now and 2026.
To create wealth through innovation, the government will support innovative projects, invest in infrastructure and research centres, and support innovation in the forest industry, the tourism industry and cybersecurity.
This funding will also be used to continue to roll out innovation zones.
The government is making additional efforts to promote the requalification of the workforce and the integration of immigrants. The more we help workers quickly find jobs again, the stronger our economy will be.
Since the onset of the pandemic, the government has mobilized considerable means to help Quebecers working in sectors that have been directly impacted by the public health and economic crisis. In November 2020, the government allocated $459 million over two years to helping Quebecers return to the labour market.
The government will provide an additional $404 million between now and 2026 to strengthen efforts to requalify the workforce and encourage the integration of immigrants into the labour market.
Efforts to requalify the workforce are aimed at helping workers transition to sectors with particularly pressing needs.
The additional resources allocated by the government will help support training for workers wishing to transition to IT, childcare services, community organizations and the construction industry, in particular.
The government will earmark $246 million to promote the integration of immigrants into the labour market.
Barriers to the integration of immigrants persist, particularly the recognition of their skills and their knowledge of French.
These additional resources will help improve the recognition of immigrants' skills, foster immigration in the regions, enhance available support for learning French, and promote efforts to attract and retain foreign students.
To return to full employment and resume growth, the government will rely on the regions' economies and will provide them with funding of $523 million between now and 2026, in addition to ensuring widespread high-speed Internet access by 2022.
These resources will first be used to help the regions deal with certain repercussions of the pandemic.
The public health crisis has had a direct impact on transportation methods serving Québec regions. The revenues of regional airlines and airports have plummeted, jeopardizing future air access to the regions.
As part of this budget, the government is allocating $18 million to regional air transportion, in addition to the $60 million allocated since March 2020.
The public health crisis has also compromised the financial viability of intercity bus carriers.
With this budget, the government is offering $20 million in assistance to compensate for operating deficits, in addition to the $18 million already allocated for this purpose.
The government is also preparing for the return to normal and future development. Over the next two years, $40 million will be set aside to implement the local and regional economic development strategy.
Tourism is a strategic sector for every region of Québec. It has also been among the hardest hit by public health restrictions, particularly border closures and travel restrictions.
Between now and 2026, the government will provide an additional $204 million to support and relaunch the tourism sector.
The harvesting and processing of forest resources is one of the main drivers of regional economies. Between now and 2026, the government will invest over $93 million in the forestry sector.
We will invest $92 million in modernizing regional infrastructure, particularly to improve the supply of natural gas and liquefied natural gas in the regions. In addition, we will give farmers the option of replacing fossil fuels with electricity by extending the threephase electricity system.
We will also support the agri-food sector.
Mr. President, culture is the foundation of Québec's identity.
Culture directly contributes to economic development.
This budget confirms the major significance of culture in our priorities. To protect and promote Québec culture, the government will provide an additional $392 million by 2025-2026 to meet the challenges posed by the pandemic.
The public health crisis has taken a major toll on Québec's cultural ecosystem, leading to the closure of performance venues and the suspension of most activities. In the spring and fall of 2020, the government freed up $483 million to support the sector.
I am announcing that the government will be providing an additional $147 million over two years to enhance and extend the cultural sector economic recovery plan.
In this budget, the government provides an additional $214 million by 2025-2026 to help the cultural industry overcome the public health crisis and its effects.
My colleague, the Minister of Culture and Communications, will soon be announcing the details of the government's initiatives.
This budget also includes a measure specifically aimed at strengthening our cultural heritage. Between now and 2024, the government will provide $74 million to preserve and promote heritage buildings, in particular by supporting the municipal sector in this respect.
Also in the cultural realm, the government will be working hard to protect the French language.
My colleague, the Minister of Justice and Minister Responsible for the French Language, will soon be tabling before the National Assembly a plan to reform the Charter of the French Language. The government is setting aside $104 million for its implementation over the next five years.
Mr. President, economic development and the return to growth will benefit all Quebecers.
I would like to remind you that after our first two budgets, we gave back more than $2.3 billion per year to Quebecers. This amount includes the school tax cut that we completed last June and the increase in the refundable tax credit for home-support services for seniors that we are announcing in this budget.
Beyond the areas of health care, education and the economy, the government is responsible for supporting those among us who need it the most. That is what we are doing in this budget, which provides nearly $1 billion over the next five years to support Québecers.
An additional $408 million is being allocated between now and 2026 to improving the affordable housing offer.
Resources have been set aside to speed up the completion of 5 000 social housing units not yet delivered and the construction of 500 new housing units.
Families are key to our social fabric. Over the next five years, the government will be setting aside $116 million to support them.
The government's priority is to make up for the shortage of childcare educators.
These additional resources will be used to spur the creation of new subsidized childcare spaces in home daycares, fund new initiatives to offer childcare spaces for people on non-standard work schedules and enhance the activities offered by community drop-in daycares.
The government will invest $370 million in additional resources to protect people in vulnerable situations.
In particular, these resources will be used to strengthen efforts to improve the status of women and fund access to the services of community organizations.
The government is setting aside resources to fund reforms to the compensation of crime victims and to contribute to the fonds de lutte contre les dépendances.
Of this total, $150 million will be used to respond to the recommendations made by the Select Committee on the Sexual Exploitation of Minors.
Changes in technology and the arrival of social media have increased the extent of this exploitation. The government intends to fight this scourge in an appropriate manner.
I am announcing that the distribution of content that includes explicit sex scenes will no longer benefit from tax incentives. Restrictions to that end will be added to tax legislation.
Lastly, the government is setting aside $83 million by 2026 to improve the justice system.
These resources will allow for judicial and police practices to be adapted to today's reality, in particular by facilitating access to new technologies.
They will enable us to respond to the recommendations by the Groupe d'action contre le racisme in several ways.
Mr. President, this budget also includes new initiatives aimed at ensuring tax fairness.
We will ensure the collection of the QST in the context of the digital economy.
We want to ensure that all goods and services purchased by Quebecers for consumption in Québec are taxed in the same way, regardless of where they come from. It's a matter of being fair to Québec merchants.
Mr. President, the past year has been extremely trying.
My thoughts go out to those who left us too soon and to their loved ones.
Behind the figures are people who lost their lives. Although the government has implemented somewhat strict measures, it has done so in the hopes of keeping the number of COVID-19 victims to an absolute minimum.
I would like to take the time to once again thank and applaud all those who have worked to help us endure these last few months.
All of these people working behind the scenes have made a huge difference in the past year.
Thank you all!
This has been a difficult year and, as I mentioned at the beginning of the speech, the battle isn't over.
With the arrival of vaccines, we can now look to the future with cautious optimism. Our public finances will remain under control, and our economy has proven to be strong and resilient.
With this budget, we are mobilizing the necessary means to overcome the pandemic and its consequences.
This budget reflects our confidence in the future. When it comes to health care, education and the economy, we are investing in the future while capitalizing on the changes resulting from our response to the crisis.
We are determined to resume the trajectory that will enable Québec to take its rightful place and Canada and the world.
I am confident in Quebecers and in our ability to adapt, rise to the challenge and excel.
Mr. President, I hope this budget will signal a strong first step toward a Québec that is more confident than ever.
A Québec that is resilient and confident in its future.
Mr. President,
I propose that the National Assembly approve the government's budgetary policy.
Thank you.