Quebec Liberals promise continued balanced budgets in a second term
MONTREAL — A re-elected Liberal government would ensure several more years of balanced budgets, leader Philippe Couillard promised Wednesday as he announced his party’s financial framework.
Couillard said his government wouldn’t have to dip further than already announced into a reserve fund despite some $2.4 billion in election pledges through 2022-2023.
As the campaign moved past the midway mark, the Liberals explained they are counting on using an estimated $950 million annual surplus to fund some of their promises.
Couillard said the party is also banking on higher levels of own-source revenue — which comes from sources other than Crown corporations and federal transfers — based on projected gross domestic product growth.