Duhaime would significantly slow the rise in government spending and revenue | Elections Quebec 2022

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Duhaime would significantly slow the rise in government spending and revenue | &Elections Québec 2022

The financial framework of the PCQ notably provides for tax reductions of $29 billion over five years.

Éric Duhaime's Conservative Party of Quebec presented its financial framework on Wednesday.

The Conservative Party of Quebec (PCQ) proposes to give a vigorous boost to the government's finances by cutting more than 32 billion dollars (B$) in spending and depriving itself of $24 billion in revenue over five years.

Its financial framework unveiled on Wednesday notably provides for major tax cuts totaling $29 billion from 2022-2023 to 2026-2027 and a radical reduction in assistance to businesses by 13 G$.

Under a Conservative government, revenues and expenditures would continue to grow due in part to normal economic growth and rising system costs. However, the measures proposed by the party would slow down these increases.

Unlike the Coalition avenir Québec (CAQ), the Parti Québécois (PQ) and especially Québec solidaire (QS), the PCQ would not touch the Generations Fund, which the Liberal Party is also proposing of Quebec (PLQ).

But, unlike Dominique Anglade's team, Éric Duhaime's plans to return to surpluses in two years, not seven. At first timid ($934 million in 2024-2025), the budget surplus promised by the PCQ would exceed $6 billion in 2026-2027.

This performance would even allow the Quebec government to bring the ratio between gross debt and GDP below the 35% mark, the rising from 42.1% to 34.3%, a more ambitious target than those set by the other parties.

The PCQ's financial framework also provides for not affecting expenditures related to COVID-19 support and recovery measures ($2.8 billion from 2022-2023 to 2024-2025) or the provision for economic risks of 2 billion. $ per year ($10 billion over five years) provided for in the Department of Finance's pre-election report.

In fact, Éric Duhaime's party is the only one to promise to fully respect this provision, which does not appear in the financial frameworks of the PLQ and the PQ. The CAQ, for its part, plans to reduce it by $1 billion per year in 2025-2026 and 2026-2027, while QS would reduce it by $150 million for one year only, in 2024-2025.

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Among the other quantified measures included in the PCQ's financial framework, note that the party plans to lose $792 million this year by suspending the fuel tax for five months.< /p>

It also predicts a shortfall of $5.6 billion over five years resulting from a possible increase in the tax credit for the extension of the career of experienced workers.

In addition, the elimination of the QST on user goods would cause the public treasury to lose $1.5 billion, the party calculates.

The PCQ is Wednesday the last of the five parties represented to the National Assembly to make public its financial framework after the PLQ (September 4), QS (last Friday), the CAQ (Saturday) and the PQ (Tuesday).

This document – which has no less than fifty pages – is unveiled a few hours before the presentation of the traditional Economy Zone debate, which will be broadcast at 5:55 p.m. Est, at ICI RDI.

VAT's Face-à-Face, which will coincide with the mid-campaign, will take place on Thursday. For this reason, François Legault (CAQ), Dominique Anglade (PLQ), Gabriel Nadeau-Dubois (QS) and Paul St-Pierre Plamondon (PQ) have not scheduled any public appearances today.

More details will follow.

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