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A Solid Financial Framework

11 Sep 2018

The growth of own-source revenues also takes into consideration the impact of the measures on revenues, in particular the changes made to the tax system (decrease to the tax burden) announced for 2018 in the economic update in November of 2017. [...] A SOLID FINANCIAL FRAMEWORK PAGE 8 to make life easier for Quebecers Quebec Liberal Party • September 12, 2018 3. DEBT MANAGEMENT AND THE GENERATIONS FUND The table below presents the impact of our commitments on the debt and the evolution of the debt/GDP ratios whose targets are foreseen in the Balanced Budget Act. [...] The measures which impact the debt and debt servicing are the additional investments for infrastructures and the use of the stabilization reserve as planned in the most recent budget. [...] Furthermore, in an effort to maintain a perspective of sound debt management and intergenerational equity, the policy regarding the Generations Fund remains unchanged; we will therefore continue to make the same deposits into the Generations Fund and confi rm that, for the duration of the fi nancial framework, $2B will be withdrawn from the Generations Fund annually to repay the debt. [...] Our prudence factors which total $8000M over the four and a half years of this fi nancial framework will therefore allow us to fully cover the risks of decreased revenues in the case of a fi nancial crisis, therefore avoid any negative impact on the funding for services, the tax burden or the gross debt.
health agriculture education economics child care economy school finance tax system gross domestic product childcare debt disability economic growth language transport taxes gdp taxpayers public finances further education nurse nominal gdp growth rate caregiver low incomes
Pages
19
Published in
Québec, QC, CA

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