BUDGET

F a l l
2019
2019
2020

GIVING MONEY BACK

TO QUEBECERS
UPDATE IN BRIEF
 AN ADDITIONAL $3.3 BILLION GIVEN BACK
TO QUEBECERS OVER FIVE YEARS

Full enhancement
of the family
allowance

Starting in January 2020, 679 000 families

will receive on average $779 more per year

$750 $1 500
A single amount of
up to $2 515 per year
more more
for a family with for a family with
for each minor child two children three children
starting in 2020

The minimum amount

will be enhanced to
$1 000 for each child

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Elimination of the additional
contribution for childcare
as of the next income
tax return

Average savings of $1 100

for 140 000 families

Return to a single
reduced rate for
subsidized childcare
$8.25 services, retroactively
per day to January 1, 2019

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 Reduction in
healthcare institution
parking fees

Free parking for the first two hours

starting in spring 2020

From
Patients, as well $7 to $10
as family and per day
friends, will benefit
Maximum rate
from more depending on
affordable rates the region

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 INITIATIVES
TO MEET SPECIFIC NEEDS

Enhancement of
$652
the supplement
more
for handicapped
per month children requiring
for more than
3 000 families exceptional care

Payment of the
solidarity tax credit
to all eligible
social assistance An additional
recipients 40 000 recipients
by June 2020 will benefit from this measure

Extension of the electricity

discount programs to foster
investment in all regions
of Québec

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 THE QUÉBEC ECONOMY
IS PERFORMING REMARKABLY WELL

• Despite a less favourable global context, economic growth will

continue in Québec. Real GDP growth is forecast at 2.4% in 2019
and 1.8% in 2020.

• In 2019, Québec’s real GDP growth will outstrip that of Canada

for the second year in a row.

ECONOMIC GROWTH IN QUÉBEC

(Real GDP, percentage change)

Québec
2.5 2.4
Canada

1.9
1.8
1.6 1.6

2018 2019 2020

In 2019, 80 000 jobs are expected

to be created.
Full use of the available labour force will be necessary
to support economic growth.

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 A BALANCED FINANCIAL
FRAMEWORK

The government forecasts a surplus of $1.4 billion for 2019-2020.

This surplus will be used to:

• fight climate change

• offset a possible economic slowdown
• reduce the debt

CONSOLIDATED FINANCIAL FRAMEWORK

(millions of dollars)

  2019-2020 2020-2021 2021-2022

Consolidated revenue 117 374 119 892 123 515
Consolidated expenditure –113 203 –116 954 –120 261
Contingency reserve –100 –100 –100
SURPLUS 4 071 2 838 3 154
BALANCED
BUDGET ACT
Deposits of dedicated
revenues in the
Generations Fund –2 671 –2 738 –3 054
BUDGETARY BALANCE(1) 1 400 100 100

(1) Budgetary balance within the meaning of the Balanced Budget Act.

The objective of reducing the gross

debt to 45% of GDP will be achieved in
2019-2020, six years ahead of schedule.

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www.finances.gouv.qc.ca/update