Québec Maintains Balanced Public Finances

Despite the downward revision of federal transfers, the government will balance its budget in 2001-2002 and subsequent years, in accordance with the Balanced Budget Act. The major adjustments to federal transfers are offset by higher-than-anticipated tax revenue since the beginning of the year.

• A balanced budget maintained despite the substantial reduction in federal transfers
• The government's financial position
• The indebtedness rate continues to decline
• An increasingly smaller share of revenue allocated to paying interest on the debt
• Government revenue
  • Own-source revenue
  • Federal transfers
• CHST trust accounts
• Government spending