{"id":808975,"date":"2026-07-18T00:32:17","date_gmt":"2026-07-18T00:32:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/808975\/"},"modified":"2026-07-18T00:32:17","modified_gmt":"2026-07-18T00:32:17","slug":"quebec-finance-minister-says-economy-is-doing-better-than-expected","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/808975\/","title":{"rendered":"Quebec finance minister says economy is doing better than expected"},"content":{"rendered":"

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The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.<\/p>\n

Quebec Finance Minister Eric Girard says the province\u2019s economy is faring better than expected despite global uncertainty.\u00a0<\/p>\n

He says Quebec\u2019s deficit for the last fiscal year, which ended in March, showed an operational deficit of $5.5 billion, equivalent to 0.9 per cent of gross domestic product.<\/p>\n

The total deficit rises to $7.8 billion when legally required payments into a debt-repayment fund are included.<\/p>\n

The operational deficit had been projected at $11.4 billion in the 2025-26 budget and at $6.3 billion in March. <\/p>\n

The minister attributes the improvement to what he says is prudent management of public finances as well as federal transfers, and an increase in tax revenues.<\/p>\n

He said in a news release that spending has increased by 2.9 per cent with a focus on health care, rising drug costs, increasing subsidized daycare spaces and public transit projects. <\/p>\n

WATCH | Finance ministers gather in Charlottetown:\"\"<\/p>\n

Finance ministers give economic update as provincial deficits surge<\/p>\n

Federal Finance Minister Fran\u00e7ois-Philippe Champagne gathered his provincial and territorial counterparts in Charlottetown for a summit, where they discussed a range of topics, from potential revenue from the as yet unopened Gordie Howe International Bridge to internal trade barriers.<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 1 minute The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":808976,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-808975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/808975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=808975"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/808975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/808976"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=808975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=808975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=808975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}