Quebec's Historic Budget Deficit Amid U.S. Trade Tensions

March 27, 2025 - 08:21

Quebec Finance Minister Eric Girard addressed the media following the announcement of the province's budget for 2025-26, which reveals a staggering projected deficit of $13.6 billion. This figure marks the largest deficit in Quebec's history, highlighting the significant financial challenges facing the province. The budget is designed to navigate the complexities of an escalating trade war with the United States, which has put immense pressure on the local economy.

Girard emphasized the importance of unity among Quebecers during these trying times, stating, "Quebecers will stand strong together." His remarks reflect a call for collective resilience as the province grapples with the economic implications of international trade disputes. The budget aims to address not only the immediate fiscal challenges but also to lay the groundwork for future growth and stability in the face of external pressures. As Quebec prepares to navigate this turbulent economic landscape, the government's strategies will be closely scrutinized by both citizens and analysts alike.