Quebec’s Fiscal Situation: The Alarm Bells Have Sounded

This Signal49 Research briefing focuses on the Quebec government’s overall fiscal health, which is already poor and showing no signs of getting better. The data show that the economic recovery will not be enough to turn the situation around—and that anyone who thinks economic growth alone will be enough to eliminate the provincial deficit is mistaken. The real problem is Quebec’s worrisome demographic patterns—particularly its aging population—which will create an increasingly heavy demand for public spending on health care and limit the province’s potential economic growth. That’s why it’s decision time for Quebecers!