Quebec Budget Expected to Include Record Deficit, Measures to Address Tariff Threats

Quebec Minister of Finance Eric Girard displays his 2025-2026 budget plan during a press conference the day before the government's budget is tabled in Quebec City on March 24, 2025. The Canadian Press/Karoline Boucher

Quebec’s finance minister is set to table a budget today with a focus on shoring up businesses and workers as U.S. tariff threats continue to sow economic turmoil.

Eric Girard has confirmed the budget for the coming fiscal year will include a projected deficit of more than $11 billion, surpassing the record set last year.