- The CAQ has outlined the Quebec budget for 2020-2021.
- It includes a renewed focus on environmental efforts and the expansion of public transit in Montreal, its suburbs, Quebec City, and Gatineau.
- There are also plans to increase job opportunities.
The government released its 2020 Quebec budget on Tuesday evening and among the highlights for this year is a huge focus on the environment. Seeing yet another historic surplus, the CAQ's Finance Minister, Eric Girard, outlined an ambitious and expansive budget that spotlights the unique needs of Quebecers now and for the future. "With this budget," said Girard, "we want to build a green economy, we want to increase our wealth, and we want to improve services and meet the needs of Quebecers. This is your budget, the budget of your future."
Building towards what they call a "green economy," the CAQ is doubling its investments to fight climate change.
Seeing that they aren't exactly on track to meet their 2030 emissions reduction goals, the 2020 Budget has huge investments to develop more public transit, to promote vehicle electrification, and to begin the process of decarbonization.
The CAQ's spending plan for 2020 has also made numerous large investments into promoting Quebec's culture both locally and abroad.
Education received a marked increase in funding, with billions devoted to youth educational success and higher education.
"We have confidence in the future," said Minister Girard. With $121.3 billion in total revenue, the CAQ is poised to make big changes.
Here are the 2020 Quebec Budget details that will affect you.
Billions More For Education
Le gouvernement augmente de 4,5% le budget en éducation & de 5,3% celui en santé. On veut assurer la réussite de no… https://t.co/7Db1SxDw7H— François Legault (@François Legault) 1583872412.0
The government is providing investments of close to
$1.5 billion by 2024-2025.
Of that investment, $260.3 million will be used in 2020-2021 to fund better education services.
$140.6 million to "improve the educational success of youth."
$100 million to "raise the graduation rate for higher education and bring institutions closer to their communities."
$19.7 million to "promote recreational and sports activities."
A Greener Future
Le Budget déposé aujourd'hui double l’effort pour lutter contre les changements climatiques. Des sommes historiques… https://t.co/6witlQDARS— François Legault (@François Legault) 1583871458.0
To make Quebec an environmental leader, the CAQ is investing $6.7 billion over six years to fight climate change.
The CAQ will additionally unveil a comprehensive plan that will change the framework of their vehicle electrification and climate change policies.
In addition, the CAQ has allocated:
$15.8 billion for public transit.
$1.4 billion over six years for the Roulez Vert program.
$1.3 billion for business sector decarbonization.
$473 million to find solutions for flood risk areas.
$50 million for more protected environmental areas.
$21 million for St. Lawrence River shuttles.
The budget also outlines a number of other projects under study, including:
a public transit project to better connect Gatineau to Ottawa;
electric public transit projects to "link the eastern, northeastern and southwestern parts of Montréal to downtown Montréal;"
the extension of the Réseau express métropolitain (REM) into Laval;
the extension of the yellow metro line into Longueuil;
and, "in Montérégie, a structuring electric public transit project to extend the REM on the south shore in order to serve the Chambly–Saint-Jean-sur-Richelieu area."
Jobs, Jobs, Jobs
Le Budget déposé aujourd’hui prévoit des mesures pour créer des emplois mieux payés et remettre plus d’argent dans… https://t.co/4QzLrzjJI9— François Legault (@François Legault) 1583871840.0
With high employment and a historically low unemployment rate, Quebec's job economy continues to grow beyond expectations.
To foster continued growth and economic development, the CAQ has made numerous investments to boost Quebec's job market, including $1 billion over five years "to improve business productivity and competitiveness."
Other investments include:
Innovation tax credits for businesses to obtain "manufacturing and processing equipment, computer hardware and management software packages."
Bringing 5,000 jobs to the régions.
$334 million to support innovation.
Improved tax rates for local businesses.
Historic Cultural Investments
The CAQ is on a mission to bring Quebec's culture to the world and has announced huge investments to make that dream a reality.
A historic $407 million over five years will be allocated for French-language television, films, music, museums, and other content.
Other investments include:
$19.5 million in tax credits for the music industry.
$18 million over five years to the Secretariat for English-speaking Quebecers.
$50 million over five years to French-language advocacy organizations.
$34.8 million over five years to preserve heritage buildings.
For even more details on Quebec's 2020 Budget, visit its official website.