Quebec recorded a larger deficit than announced in 2021-2022
Quebec Finance Minister Eric Girard
Quebec's deficit will finally have been a little heavier than announced last spring, according to the consolidated financial statements of the ;financial year 2021-2022 unveiled on Wednesday.
In a press release, Minister of Finance Eric Girard announced the publication of the government's public accounts for the financial year 2021- 2022.
The total deficit recorded for the year ending March 31, 2022 amounts to $772 million after the payment of $3.6 billion to the Generations Fund.
This deficit turns out to be larger than what was initially announced last June.
The Monthly Financial Transactions Report, dated June 30, 2022, provided the government's preliminary financial statements as of March.
It was reported that Quebec's budget balance showed a deficit of $294 million.
In the press release published Wednesday by the Minister of Finance, it is stated that the results for the year 2021-2022 show that the economic recovery has been vigorous in Quebec.
However, he warns that the coming months will be more difficult for all the economies of the world, but that Quebec can face this turbulence with public finances. solid.