Deficit for 2013-14 is up to $3.1 billion: Couillard

Still aiming for zero deficit by 2016

Quebec's new premier says the province's deficit for the most recent fiscal year is $600 million more than projected.

Philippe Couillard says the 2013-14 deficit has clocked in at more than $3.1 billion instead of the $2.5 billion mentioned by the Parti Quebecois before the recent election.

Speaking at his first news conference since becoming premier Wednesday, Couillard said Quebec needs to tighten its belt to clean up its public finances.

As a result, the government will strive to cut administrative costs as well as imposing a hiring freeze in the public sector.

Couillard is still aiming to meet the previous PQ government's objective of having a balanced budget in 2015-16.

The premier also said the national assembly will reconvene on May 20 with a budget to be tabled in June.

Leave a comment:

showing all comments · Subscribe to comments
  1. Mike d posted on 04/24/2014 08:27 PM
    Wow I can't believe the PQ did not know this!
showing all comments

News Videos

Latest News

  • Former NHLer jailed for bank robberies

    A former NHL player has been sent to prison for 30 months after confessing to a pair of bank robberies on the South Shore. Read More
  • Old Port Plunge

    Dozens of Montrealers took the plunge at the Old Port this morning, part of an annual event to promote public access to the St. Lawrence River. Read More