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BUDGET 2022

Quebec Budget 2022

$7,4B

Deficit

$22,8B

Québec Infrastructure Plan

  • One-time payment of $500 to help 6.4 million Quebecers

    For people with an income of $100,000 or less ($3.2B). This amount will be paid automatically based on the 2021 tax return.

  • Economic forecast of 2.7% growth

  • Real GDP grew by 6.3% in 2021

  • Quebec is back to full employment, with an unemployment rate of 4.5% in February 2022

  • 2021-2022 deficit of $7.4B

    After the contribution to the Generations Fund:

    • Return to a balanced budget (excluding the contribution to the Generations Fund) as of 2023-2024;
    • Full return to a balanced budget by 2027-2028;
    • Structural deficit projected for 2026-2027 now at $2.8B (rather than $6.5B).

  • Investment of $8.9B in health over the next 5 years

    Including $5.2B to restore the health and social services system and $3.7B to enhance care and services to the public:

    • $1B to make major changes within health institutions (overhaul).

  • No measures to promote home ownership

  • Reduced rebate for the purchase of an electric vehicle

  • Investment of $2.8B over 5 years in education and higher education

  • Investment of $4.2B over 6 years for the economy

    To increase the economy’s productivity, strengthen the integration of immigrants into employment, support regional economic development, and support the recovery and promote Quebec culture.

  • Investment of $1.1B to strengthen community action

    • New government action plan on community action 2022-2027;
    • More than $888M to enhance support and core mission funding for organizations;
      • $182M for organizations that help fight sexual and domestic violence.

  • Investment of $1.1B to support communities

    • $170M to support equality between women and men;
    • $109M to improve assistance and services for families and young people;
    • $285M to continue supporting Indigenous communities;
    • $386M to maintain passenger transportation and community supply services.

  • Intention to regionalize 5,000 public service jobs by 2028