PQ says Quebec's finances in worse shape than they thought
MONTREAL - Surprise, surprise, the new Quebec government is saying the province's finances are in worse shape than it expected before taking office.
Finance Minister Nicolas Marceau says government spending estimates are several hundred million dollars more than announced by the recently defeated Liberal government.
Yet Marceau says the new government will still meet its objective for a $1.5-billion deficit in the current fiscal year and a balanced
budget in 2013-14.
Marceau told a news conference in Montreal today that economic growth this year will not be as strong as expected.
He also says consumption has slipped in the province and that Quebec exports are not at the level they should be.
Photo: via PQ