This past Tuesday, Quebec Minister of Finance and the Economy Nicolas Marceau tabled his government’s first budget. In a piece published in today’s issue of La Presse, our Quebec City colleague Yvan Loubier, Economist and Senior Consultant, explains that despite the skepticism of many about the PQ’s ability to meet its objectives, the document presented yesterday seems to be pragmatic, responsible and balanced.
Announcements such as the introduction of a tax holiday to encourage businesses to invest in projects in Quebec, the creation of the Banque de développement économique du Québec and the balance between environmental concerns and the need to encourage economic development have been well received by many, namely in the business community.
Despite a few economic grey areas that remain, the author believes that “we can no longer blame the Parti Québécois government of not caring enough about economic development or being insensitive to private investment. This budget is pro-economic development.”
(The article, to download below, is in French.)