Debt reduction to be focus of Quebec provincial budget on March 27
QUEBEC — Paying down Quebec’s massive debt will be the focus of this month’s provincial budget, Premier Philippe Couillard said Wednesday.
Finance Minister Carlos Leitao will table the budget March 27.
The two politicians said the government intends to introduce measures to reduce the province’s debt by $10 billion over five years by dipping into a special fund that was created in 2006.
The province believes it will save $1 billion in interest payments.