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DOCUMENTSBUDGÉTAIRES
2016-2017
Excerpt
BUDGET 2016-2017March 2016
TABLES AND CHARTS
THE QUÉBECeconomic plan
Sources: Institut de la statistique du Québec, Statistics Canada and Ministère des Finances du Québec.
The condiTions are in place for fasTer economic growTh
economic growth in Québec (real GDP, percent change)
1.1
2015
1.5
2016
1.6
2017
Source: Statistics Canada.
change in employment in Québec (number of jobs in thousands)
4 072Jobs for
december 2013
Job creaTion remains robusT
4 039Jobs for
april 2014
4 110Jobs for
february 2016
December June December June December
70 600 jobs since April 2014
Source: Statistics Canada.
share of private payroll employment in canada in 2015(per cent)
Québec 49.7%
Rest of Canada
50.3%
Québec accounT for 50% of Jobs creaTed in canada
non residential business investment in Québec(percent change, in real terms)
Sources: Institut de la statistique du Québec, Statistics Canada and Ministère des Finances du Québec.
invesTmenT is rebounding
9.1
-7.9
9.3
-11.0
-4.7
2015
0.0
2016
2.8
20172012 2013 20142011
budgetary balance(1) (millions of dollars)
(1) Budgetary balance within the meaning of the Balanced Budget Act.
afTer six years of deficiT, The budgeT is balanced and will sTay balanced
-3 946
2009-2010
Projected target
Achieved
2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016
-3 174
-4 506
-3 150
-3 800
-2 628
-1 600-1 500
0
-2 824
-2 350
0
-1 143
2016-2017
0
change in program spending
program spending growth (per cent)
2.5
2011-2012
1.2
2012-2013
3.3
2013-2014
1.6
2014-2015
1.7
2015-2016 2016-2017
2.7 2.8
2017-2018 2018-2019
2.8
2019-2020
2.8
2.8
2020-2021
2.8
consolidaTed expendiTure growTh by province
consolidated expenditure growth by province (per cent)
Note: Consolidated expenditure excluding debt service.Sources: Department of Finance Canada and ministère des Finances du Québec.
Average 2006-2007 to 2012-20132013-2014
Québec Budget balanced
in 2015-2016
4.5 4.7
1.4
2.5 2.4
4.7
3.2
onTario Budget balanced
in 2017-2018
briTish columbia Budget balanced
in 2013-2014
2014-2015
2015-2016
2016-2017
Year of return to a balanced budget
2.1 2.2
1.0
4.4
0.3
2.5
4.4
2.4
program spending for the major portfolios(millions of dollars)
sTrengThening funding of public services
Note: Totals may not add due to rounding.(1) The purpose of this program is to cover unforeseen expenditures in any government program, expenditures provided for but not broken down in depart mental portfolios as well as certain measures announced as part of Budget Speech 2016-2017.(2) The government has fiscal room to face various risks and manage department arbitrations required when preparing the Expenditure Budget.(3) To assess growth based on comparable spending levels, the percent change was calculated by excluding, from 2015 2016 expenditures, transfers from the provision for francization of the Ministère de l’Immigration, de la Diversité et de l’Inclusion ($78.5 billion).(4) To assess growth based on comparable spending levels, the percent change was calculated by including, in 2015 2016 expenditures, transfers from the provision for francization of the Ministère de l’Immigration, de la Diversité et de l’Inclusion to the Ministère de l’Éducation et de l’Enseignement supérieur ($78.5 million) and the Ministère de la Santé et des Services sociaux ($12.2 million).Source: Secrétariat du Conseil du trésor.
2015-2016 2016-2017 2017-2018 2018-2019
Éducation et Enseignement supérieur(1) 16 827 17 245 17 769 18 299
% change 1.3 3.0(3) 3.0 3.0
Santé et Services sociaux 32 964 33 739 34 564 35 529
% change 2.3 2.4 2.4 2.8
Other portfolios 16 308 16 599 16 961 17 045
% change -1.1 1.2(4) 2.2 0.5
Contingency Fund(1) 365 655 612 717
Fiscal room(2) — — 250 500
program spending 66 460 68 238 70 156 72 089
% change 1.7 2.7 2.8 2.8
level of public capiTal invesTmenTs will remain high
investments under the 2016-2026 Québec infrastructure plan (billions of dollars)
2024-2025
8.58.5
2022-2023
8.58.5
2020-2021
8.58.8
2018-2019
8.99.3
2016-2017
9.69.6
2014-2015
9.6
2007-2008to
2013-2014
8.9
2016-2026 Qip: 88.7
9.2
2002-2003to
2006-2007
4.5
Average
1997-1998to
2001-2002
2.8
investments in education and higher education infrastructures (millions of dollars)
Note: Investments totalling $80 million will be made beyond 2018-2019, raising investments under the Plan to $700 million.
2016-2017
2 066
1 588
2017-2018 2018-2019
1 9591 761
1 473
305200
115
Plan for Success in Education and Higher Education
Already planned in the QIP
greaTer invesTmenT in educaTion and higher educaTion infrasTrucTure
2016-2017 2017-2018 2018-2019
1 588
2 0662 159
gross debt as at march 31(1),(2) (percentage of GDP)
P: Preliminary results for 2016 and forecasts for subsequent years.(1) The gross debt excludes pre-financing and takes into account the sums accumulated in the Generations Fund.(2) The gross debt takes into account the debt that the health and social services and education networks have issued in their own name. The data as of 2009 are not comparable with those for prior years, which do not include this debt.
The gross debT burden is declining: imporTance of The generaTions fund
2021P2016P2009
50.149.5
55.0
57.5
55.0
Without the Generations Fund
With the Generations Fund
economic support in the Québec economic plan (millions of dollars)
almosT $13 billion To supporT Québec’s economy
(1) Represents the cost for the first five years. (2) Including investment for continuation of the Bombardier C Series program.
cosT of iniTiaTives under way
invesTmenTs supporTed
Budget 2014-2015 816 7 169
Fall 2014 Economic and Financial Update - Québec 195 735
New and improved tax holiday for major investment projects
10(1) 4 035
Budget 2015-20161(2) 3 393 9 893
subToTal 4 414 21 832
Budget 2016-2017 3 647 12 804
ToTal – economic plan du Québec 8 061 34 636
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