A restrained but targeted budget
Quebec Budget 2026
For the last budget before the next election, Finance Minister Eric Girard is delivering a budget he describes as “responsible”, with a deficit reduced to $8.6B, a lower amount than in the most recent projections. This amount includes a contingency reserve of $2B per year. The next person to hold the office of premier could also draw on this reserve to fund new measures by the end of the summer.
$8.6B
Projected deficit, down from previous projections
$9.6B
In additional measures over 5 years
$167B
Québec Infrastructure Plan (QIP) for 2026-2036
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$1.7B over 5 years for Quebec’s economic transformation
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$4.3B for the State’s core missions, including $2.2B for health and social services
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$693M over 5 years to help businesses adapt to the new economic context
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$365M over 5 years to meet the needs of the forestry sector
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$16M over 5 years to contribute to regional economic growth
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$1B in additional funding for projects related to the production and processing of critical and strategic minerals
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Economic development and SMEs
$693.1M over five years to help businesses adapt to the new economic context
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Environment
$583.9M is planned to support adaptation and fight climate change through the Electrification and Climate Change Fund
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Labour and workforce
$346.6M over five years to continue stepping up workforce training and qualification in targeted fields
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Mining industry
Creation of the Fonds pour les minéraux critiques et stratégiques (FMCS, critical and strategic minerals fund), with a capitalization of $2.5B.
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Security and justice
$1B over five years to strengthen the safety of Quebecers and justice services
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Social services, community and sport
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