OTTAWA, Nov. 21, 2012 /CNW/ - The new measures announced in the budget
will have a slightly negative impact on GDP growth in 2013 and 2014,
according to The Conference Board of Canada's analysis of the Quebec
The economic outlook is slightly weaker, as program spending growth will
be cut from 3 per cent to 2.4 per cent in fiscal 2014-15, which will
take about $200 million out of the economy. Moreover, the cut in public
infrastructure investment by an annual average of $1.5 billion could
shave 0.2 per cent from the Conference Board's forecast for real GDP in
Quebec in 2013, released in its Provincial Outlook-Autumn 2012.
On a positive note, Quebec will continue to encourage private investment
by extending the tax credit for investment in manufacturing and
processing equipment an additional two years to 2017. This move should
help productivity growth, which has been lagging the Canadian average
for a long time.
Read the full analysis A Cautious Quebec Budget in a Tumultuous Global Economic Environment.
SOURCE: CONFERENCE BOARD OF CANADA