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QUEBEC – Finance Minister Carlos Leitao tabled Quebec’s 2018-19 budget on Tuesday. Here are some highlights:
— Projected surplus of $904 million on total revenue of $109.6 billion, including $23.7 billion in federal transfers. The surplus will go to a fund aimed at lowering the province’s debt.
— Estimated gross debt of $204.5 billion as of March 31, 2018. That represents 49.6 per cent of gross domestic product, down from the peak of 54.3 per cent in 2014-15.
— Expected economic growth of 2.1 per cent in 2018 and 1.7 per cent in 2019.
— Increase of 4.6 per cent in health spending — an area in which the opposition parties will target the Liberals before and during this fall’s election campaign.
— Investment of $500 million by 2022-23 to modernize the province’s justice system, partly aimed at ensuring no proceedings are stayed because of unreasonable delays.
— An additional $65 million in tax credits by 2022-23 to support the digital transformation of print media companies.
— Free visits to museums one Sunday a month in a measure that is expected to cost $5 million.
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