Quebec's Balanced Budget String Strengthens Fiscal-Star Status
- Province joins British Columbia in not forecasting a deficit
- Quebec bonds are best performers among Canada regions in 2016
Quebec Battles Deficit with Generations Fund
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Quebec is emerging as one of Canada’s fiscal stars after delivering on a promise to avoid a deficit for the second year running while reducing debt as a proportion of output for the first time since 2008-09.
Canada’s second most populous province will balance the books in the year that ends March 31, and in fiscal 2016-17, Finance Minister Carlos Leitao said Thursday in Quebec City. It joins British Columbia as the only major provinces not to forecast a deficit in 2016-17.