Quebec Premier Philippe Couillard isn't ruling out the partial privatization of Hydro-Quebec and the province's liquor board as an answer to the province's budgetary woes.
Couillard told a news conference today he wants to examine all options, including the privatization suggestion made by two financial experts last week.
But the premier added that any move to privatize would not occur in the next fiscal year and that he will use more traditional measures in the upcoming provincial budget in June to improve public finances.
Economists Luc Godbout and Claude Montmarquette painted a grim portrait of Quebec's financial situation and suggested drastic measures are needed to salvage the province's economy.
The partial privatization of about 10 per cent of both Hydro-Quebec and the liquor board, known as the SAQ, were just some of the changes proposed by the pair.
The money would be used to pay down the province's staggering debt.