Media Releases

Viewpoint on the Quebec government’s debt: potential dangers on the horizon

Montreal, May 6, 2009 – In a Viewpoint published by the Montreal Economic Institute, economist David Descôteaux determines that gross debt as of March 31, 2009, stood at $151.4 billion, or 49.9% of the province’s annual GDP. Quebec’s debt, already above the Canadian average, has started going up again after several years under control. Quebec government spending is on the rise because of growing program costs. Can Quebec’s government finances hold up without unduly raising the debt?

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The Montreal Economic Institute is an independent, non-partisan, not-for-profit research and education organization. Through studies and speeches, the MEI contributes to debate on public policy in Quebec and across Canada, suggesting reforms for wealth creation based on market mechanisms.

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Information and interview requests: André Valiquette, Director of communications, Montreal Economic Institute, Tel.: (514) 273-0969 ext.. 2225 / Cell: (514) 574-0969 / E-mail: avaliquette (@iedm.org)

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