Tuesday, November 4, 2008

Quebec Says Will Maintain Balanced Budgets

From Reuters:

OTTAWA, Nov 4 (Reuters) - Quebec's minority Liberal government said on Tuesday it would keep balanced budgets in 2008-09 and 2009-10 despite the global financial crisis.

Finance Minister Monique Jerome-Forget said in a statement that the government had cut its forecast for economic growth in the province in 2008 to 0.8 percent from the 1.5 percent it predicted in its March budget.

It also cut the forecast for growth next year to 0.6 percent from 2.0 percent. (Reporting by David Ljunggren; editing by Rob Wilson)

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