Quebec government to present economic update later today

Quebec Finance Minister Eric Girard is scheduled to present an economic update this afternoon that will reflect the damage of COVID-19 to the province’s finances. 

Last month, Girard told a legislative committee that the government didn’t plan to table a balanced budget until fiscal 2025-2026.

Girard has said the coming year will be difficult on the economy and on the province’s health-care system. 

Last March, Girard expected Quebec’s economy to grow this fiscal year by about 2 per cent. 

The update comes the same day Montreal released its budget — which is balanced.

Montreal’s $6.2 billion budget includes an average rise of property taxes of about 0.2 per cent. 

This report by The Canadian Press was first published Nov. 12, 2020.

The Canadian Press

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