Quebec's newly elected separatist government has appointed economist Nicolas Marceau as finance minister and minister responsible for infrastructure, a post he also held from September 2012 to April 2014. The Parti Québécois, led by Premier Paul St-Pierre Plamondon, formed a minority government on Oct. 5 with only 28% of the vote, winning 59 of 127 seats, five short of a majority. The party has promised a referendum on breaking away from Canada after Donald Trump's second term ends in January 2029. Its four-year fiscal plan projects a C$6.5 billion ($4.6 billion) deficit for the fiscal year ending March 31 and requires more than C$1.8 billion in savings to balance the budget in two years, including layoffs affecting 2.5% of the government's payroll and a corporate tax cut to 9.5% from 11.5% whose funding is unclear. Quebec estimates that the federal investment tax write-off expansion will cost about C$1 billion a year in revenue, which the plan does not account for.
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| Change that session | -0.08% |
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