{"id":108,"date":"2015-04-05T12:25:00","date_gmt":"2015-04-05T12:25:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2015\/04\/05\/quebec-government-release-balanced\/"},"modified":"2015-06-01T19:40:32","modified_gmt":"2015-06-01T19:40:32","slug":"quebec-government-release-balanced","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2015\/04\/05\/quebec-government-release-balanced\/","title":{"rendered":"Quebec government releases balanced budget"},"content":{"rendered":"<p><b><i>&#8220;Quebecers pay more for interest on the debt than the education budget.&#8221;<\/i><\/b><\/p>\n<div>\n<\/div>\n<div>\n<b><img decoding=\"async\" src=\"\" \/>By Kevin Woodhouse<\/b><br \/><a href=\"http:\/\/www.thesuburban.com\/\">www.thesuburban.com<\/a><\/p>\n<p>Within the last 40 years, only six Quebec provincial budgets have come in balanced and last week\u2019s budget from the Liberal party was a campaign promise fulfilled. <\/p>\n<p>Highlights of the budget include no increase in taxes for citizens and slight increases for health and education.<\/p><\/div>\n<div>\n<\/div>\n<div>\nBy 2017, the unpopular health tax imposed by the previous PQ government will be phased out; money has been allotted to build 1,500 more social housing units as well as aid senior citizens on fixed incomes with upcoming municipal taxes. <\/p>\n<p><i>The Suburban<\/i> spoke to Minister of Government Administration and Program Revision, Treasury Board president and Nelligan MNA Martin Coiteux for his post-budget reactions. <\/p>\n<p>\u201cThe consequences of Quebec, the most indebted province in the country, not returning to budget balance was no longer feasible considering Quebecers pay more for interest on the debt than the education budget,\u201d Coiteux told <i>The Suburban.<\/i><br \/>Upcoming priorities will be to ensure that \u201cwe can restore and maintain a balanced budget for years to come in order to help businesses keep more money in their pockets while hiring more workers,\u201d the Treasury Board president said, adding that \u201cbeing rigorous in our spending will remain in place.\u201d <\/p>\n<p>While it was Finance Minister Carlos Leit\u00e3o who rose in the National Assembly last week to deliver the budget, Coiteux\u2019s work at the treasury board has been vigorous in trying to \u201crenovate our province through reviewing and changing programs while overhauling the government. <\/p>\n<p>\u201cThe province can longer function with a maxed-out credit card,\u201d said Coiteux. \u201cWe want to reduce the fiscal burden in order to attain a more sustained and prosperous economy.\u201d <\/p>\n<p>By adhering to a \u201cdisciplined framework over the next two years, our debt to GDP will decline which will set us on a path towards more tax breaks.\u201d <\/p>\n<p>Another way the government wants to improve small to medium businesses is to lower taxes for them, allowing companies to invest in innovation and personnel. \u201cIt will be a very significant exercise on our part, before the end of our first mandate, to reduce the overall taxation rates for small, medium and large enterprises too,\u201d Coiteux said. <\/p>\n<p>The Treasury Board president is hoping to get Quebec\u2019s business tax to be in par with those in Ontario as \u201ca way to encourage work and long-term investment in Quebec,\u201d Coiteux said. <\/p>\n<p>Another initiative from the government will be the creation of a \u201cfiscal shield for people will lower incomes as well as helping welfare recipients join the work force,\u201d added Coiteux.<br \/>\n  (function(i,s,o,g,r,a,m){i[&#8216;GoogleAnalyticsObject&#8217;]=r;i[r]=i[r]||function(){<br \/>\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),<br \/>\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)<br \/>\n  })(window,document,&#8217;script&#8217;,&#8217;\/\/www.google-analytics.com\/analytics.js&#8217;,&#8217;ga&#8217;);<\/p>\n<p>  ga(&#8216;create&#8217;, &#8216;UA-45892555-1&#8217;, &#8216;auto&#8217;);<br \/>\n  ga(&#8216;send&#8217;, &#8216;pageview&#8217;);<\/p>\n<p><\/p>\n<div class=\"separator\" style=\"clear: both; text-align: center;\">\n<a href=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/taxespied.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/taxespied.jpg\" height=\"208\" width=\"320\" \/><\/a><\/div>\n<div style=\"text-align: center;\">\n<b>Quebec is burdened by the cost of servicing their government&#8217;s debt accumulated through&nbsp;previous profligacy.<\/b><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Quebecers pay more for interest on the debt than the education budget.&#8221; By Kevin Woodhousewww.thesuburban.com Within the last 40 years, only six Quebec provincial budgets have come in balanced and last week\u2019s budget from the Liberal party was a campaign promise fulfilled. Highlights of the budget include no increase in taxes for citizens and slight<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-108","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quebec government releases balanced budget - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2015\/04\/05\/quebec-government-release-balanced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quebec government releases balanced budget - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"&#8220;Quebecers pay more for interest on the debt than the education budget.&#8221; By Kevin Woodhousewww.thesuburban.com Within the last 40 years, only six Quebec provincial budgets have come in balanced and last week\u2019s budget from the Liberal party was a campaign promise fulfilled. 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