Wednesday, February 11, 2009

Quebec Plans Deficit In Spring Budget

National Assembly of Quebec

From The CBC:

The Quebec government will post its first deficit in a decade in its 2009-2010 budget, the province's finance minister said Wednesday.

Finance Minister Monique Jérôme-Forget confirmed Quebec will join the federal government and other provinces that are also plunging into red ink as the Canadian economy continues to slow.

"I can confirm that there will be a deficit in 2009," she told reporters. "I am an ardent defender of zero-deficit spending, but the government is there to intervene when it must."

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