Quebec’s new budget focuses on sustaining core providers like well being and training, with no flashy big-ticket spending forward of a fall normal election.
Gone are the latest years of tax cuts and authorities cheques of tons of of {dollars} to Quebec households.
As an alternative, Finance Minister Eric Girard says his funds for the 2026-27 fiscal 12 months displays persistent financial uncertainty, primarily because of the commerce battle with the USA.
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The $170.8-billion funds tasks a deficit of $8.6 billion, a quantity that features a $2-billion contingency reserve and a $2.3-billion legally required fee right into a fund to repay the province’s debt.
The most important funds merchandise is well being care, with spending forecast to be $68.7 billion, an increase of 4.1 per cent.
Quebec’s GDP is predicted to develop by 1.1 per cent in 2026 — however that assumes U.S. tariffs on Canadian items are steady over the quick time period.
Girard’s funds forecasts a GDP contraction of 0.2 per cent if the Trump administration decides to exit the North American free-trade settlement, which is up for overview in July.
© 2026 The Canadian Press