the economic plan in brief - march 2017 · 2017-03-28 · governmental action plan to counter elder...
TRANSCRIPT
-
March 2017
THE ECONOMIC PLAN
IN BRIEF
-
1 500 additional staff for student services starting in September 2017, 7 200 within the next fi ve years
ANUNPRECENDENTED $3.4-BiLLiON PLAN FOR EDUCATiONAL SUCCESS
2
EDUCATiON AND FAMiLiES
It is essential to invest early in the educational success of our youthAn additional allocation of close to $130 million to early childhood in order to:
supporteducationalinterventionamongyoungchildren facilitatechildren’stransitiontoschool supportcommunityorganizationsthatofferactivitiestofamilies developservicesgearedtotheneedsofchildrenwithdisabilities
A plan for perseverance and educational successAdditional funding of over $1.8 billion for schools in order to accompany young people and help them achieve success by:
enablingthemtogetofftoagoodstartinkindergartenandfirstgrade givingaboosttoelementaryschoolsinordertobettersupporttheimplementationofresponseplansforstudentsexperiencingdifficulties
supportingparentsinordertopreventlearningdisabilities enhancingsupportforstudentsinhighschool,vocationaltrainingandadulteducationprograms
supportinginitiativesdesignedtoboostliteracyandfrancization
-
3
Quality advanced training to move Québec forward Nearly $1.5 billion to better prepare young people for the future in order to:
improvethegraduationrateandacademicsuccessthrough,amongotherthings,thehiringofmoreprofessorsinuniversities
offerappropriatesupporttostudentswithspecialneeds promoteattractionofinternationalstudents encouragepartnershipsbetweeninstitutions,concensusbuildingandaregionalpresence
Investing in quality educational and sports infrastructure
HigHEr EDUCATiON
MEETINGTHE FUTUrE NEEDS OF QUÉBEC
-
4
Québec must develop a workforce that meets the needs of the marketNearly $290 million will be used to:
promotetradesthatareindemandandencourageyoungpeopletotrainforthosetrades
supportlabourmarketintegrationforimmigrants• promoterecognitionofpriorlearningandskills• increasesupportforfrancizationeffortsintheworkplace• supportthehiringofimmigrantworkers
supportcontinuingeducationandskillsdevelopmentthroughbetteraccessto:• part-timevocationalandtechnicaltraining• continuingeducationandrefreshertraining
assistbusinesseswiththemanagementoftheirlabourforce• helpbusinesseshire,integrateandretainworkers• promotebetterlabourmarketintegrationforwomen
Young people are the future of Québec Toenableyoungpeopletodeveloptheirstrengths,anadditionalinvestmentof$7.5millionisbeingallocatedtothepromotionofstudentengagementaspartofForcesAVENIR
Québec must develop a workforce that meets the needs
WOrKFOrCE TrAiNiNg
-
5
Additional resources to meet Quebecers’ needs
Close to $3 billion more for health over two years
Access to quality health care is a priority
iNCrEASED AND STABLE FUNDiNg toreducewaittimesinhospitals tofacilitateaccesstosurgeryanddiagnostictests totrainalargernumberofspecializednursepractitioners tohiremorehealthcarepractitionersinCHSLDsandforhomecare tosupportpeoplewithanautismspectrumdisorder
A FOCUS ON HEALTH PrEVENTiON Healthylifestylesatschoolandathome Asuicidepreventionstrategy
WOrKFOrCE TrAiNiNg HEALTH
Breakfasts will be served in CPEs and fruit and vegetable snacks will be offered to young people in schools in disadvantaged areas
-
6
Créditphoto:CaissededépôtetplacementduQuébec
Créditphoto:VilledeQuébec
Confi rmed support for three major public transit projectsréseau électrique métropolitain (rEM)
Improvementofcommutingflowby• offeringconnectionsacrosstheentiresystem• linkingdowntownMontréal,theSouthShore,theWestIsland,theNorthShoreandPierre-Elliott-TrudeauInternationalAirport
Montréal métro blue line ImprovedaccesstothenetworkinthenortheasternsectorofMontréal
Québec-Lévis bus rapid transit (BrT) Atoolfordensificationandurbanrenewal• gearedtotheobjectivesofsustainablemobility• withstructuralimpactsontheareaserved
DEVELOPING SUSTAiNABLE MOBiLiTY
-
7
Sustainable transportation: the way of the futureIncreased funding for public transit throughout Québec:
supportforthecreationoftheAutoritérégionaledetransportmétropolitain $333milliontofurthersupportpublictransitbodiesintheirdevelopmentprojectsinorderto• increasesupportforregionalpublictransit• enhancesupportforparatransit
Electricity for transportation of the futureAdditional support for transportation electrifi cation:
$70millionmoreovertwoyearstoofferrebatesofupto$8000forthepurchaseofanelectricvehicle
Acquisitionofclosetoanadditional10000newelectricvehiclesbyJune30,2018 Pilotprojectpromotingtheacquisitionoffullyelectricusedvehicles
The Écocamionnage program to improve energy effi ciency and reduce greenhouse gas emissions in the freight transportation sector
-
8
A forward-looking economyrESEArCH AND iNNOVATiON
Over $830 million will be used to stimulate research and innovation, including: $305milliontoencourageinnovationandthenextgenerationofscientists $180milliontoencourageresearchandinnovationinhighereducationinstitutions $100milliontocreateanartificialintelligencesuper-cluster $117.5milliontoimplementthelifesciencesstrategy
ENCOUrAgiNg BUSiNESS iNVESTMENT
extensionofthetaxholidayforlargeinvestmentprojects introductionofanadditionalcapitalcostallowanceof35%tosupportthemodernizationofbusinessesandthusincreasetheirproductivity
The electricity rate reduction for fostering investment projects is a success:additional investments of $800 million
BOLSTERING ECONOMiC DEVELOPMENT
-
9
ENTREPRENEURSHIP: POWERHOUSE OF THE FUTUREMore than $440 million for entrepreneurship and financing for businesses in order to:
supportthenewentrepreneurshipactionplan developentrepreneurshipamongyoungpeople promotethestart-upandgrowthofinnovativebusinesses
ON BEHALF OF rEgiONAL ECONOMiC DEVELOPMENT, OVEr $520 MiLLiON WiLL BE iNVESTED TO
createtheFondsd’appuiaurayonnementdesrégions recognizeQuébec’snationalcapitalstatusandMontréal’smetropolisstatus
Every region of Québec must develop all of its talents and strengths Making tourism a vector of economic development by:
supportingmajortourismprojects increasingsupportforfestivalsandevents injecting$100millioninSépaqparks fosteringaccesstotouristattractionsforpersonswithamobilityimpairment
Nearly $160 million for stimulating investment in the agri-food sector in order to: helpagriculturalproducersupdatetheirbuildingsandequipment supportinnovativeagricultureandthefoodprocessingindustry promotereducedpesticideuse expandtheprogramfordrainingandlimingfarmlandtootherregions promotegreenhouseconstruction
The forest sector will obtain $46 million to: enhancetheProgrammeInnovationBois supportbodiesinvolvedininnovationintheforestsector createaplatformfordevelopingcompositepanelsandengineeredwoodproducts
-
10
The resources of today will serve the generations of tomorrow To protect the environment and renewable resources, Québec is making investments in order to:
preventrisksassociatedwithcoastalerosion promotethereplacementofoutdatedresidentialseptictanksintheregionsandtheprotectionoflakesandrivers
offermoresupportforthecariboumanagementplanandreinvestinwildlifeprotection
fostertherenewalofpisciculturalandforestresources
Recognizing the insular character of the Îles-de-la-Madeleine
GreatertaxassistanceforinhabitantsoftheÎles-de-la-Madeleine EnhancementandextensionoftheadditionaldeductionforthetransportationcostsofallmanufacturingSMEsoftheÎles-de-la-Madeleine
Extension of the rénoVert tax credit to March 31, 2018
-
11
The Maritime Strategy: developing the St. Lawrence RiverFunding is being provided in order to:
createtheCentred’expertiseengestiondesrisquesd’incidentsmaritimesintheÎles-de-la-Madeleine
preserveLacSaint-Pierre supportthedevelopmentofcommercialfishingandaquaculture
The Plan Nord: capitalizing on our natural resourcesNew initiatives are making it possible to, in particular:
buildtheInstitutnordiqueduQuébec improvethetelecommunicationsnetworkintheBasse-Côte-Nordregion installgreenhousesintheNorthforthebenefitoflocalandAboriginalcommunities
The visibility of Québec$113 million for cultural development in order to:
supporttheprintmediasothatitcanprovidediversifiedregional,localandcommunityinformation
enhancethetaxcreditforQuébecfilmandtelevisionproduction provideadditionalsupporttomuseums increasesupportforQuébec’smusicsector
Additional support of $100 million to strengthen Québec’s international action
-
12
A reduction of more than $500 in the tax burden on a couple with two equal work incomes of $45 000, taking into account:
theeliminationofthehealthcontribution thegeneraltaxreduction
QUEBECErSWILLBENEFiTFROMAPErMANENT TAX rEDUCTiONOFMORETHAN$1 BiLLiONAYEAR
2016 2017 2018
Coupleinwhicheachpersonpaidahealthcontributionof$200Gradualeliminationoftheplannedhealthcontribution 50 400 400
Refundofthehealthcontributionpaidin2016 350 – –
Generaltaxreduction – 110 110
TOTAL 400 510 510
illustration of the reduction in the tax burden for a couple with two equal work incomes of $45 000
-
13
Additional investment of $80 million over fi ve years in the Support Program for Community Organizations to ensure the health and welfare of the most vulnerable people
Helping those in needTo combat poverty and social exclusion, more than $300 million will be allocated in order to, among other things:
investintheconstructionandrenovationof3000socialhousingunits encouragethesocialinvolvementofvulnerableyouthfrom16to29yearsofage combathomelessness
Aboriginal communities will receive $195 million: $135milliontosupporttheireconomic,socialandcommunitydevelopment $60millionforthegovernment’sAboriginalSocialDevelopmentActionPlan
Governmental action plan to counter elder abuse 2017-2022, aimed at: hiringandretainingcommunityworkerswhosupportseniorsinvulnerablesituations
enhancingtheservicesofferedbytheAideAbusAînéshelpline
takingactiontocombatelderabuseandisolationbyorganizingfriendshipvisitstoelderlypeople
An additional $82 million for: takingactionongenderequality fightingbullying ensuringbetteraccesstojusticeandcompensationforcrimevictims(IVAC)
-
14
Sound management of public fi nances fosters economic growth and job creation
THEECONOMY iS ACCELErATiNgANDCrEATiNg JOBS
The economy is growing faster. In 2016, the economic growth rate stood at 1.7%, the highest rate since 2011.
Average1.7
Average1.2
1.01.4 1.3 1.2
1.7 1.7 1.6
2012 2013 2014 2015 2016 2017 2018
The disposable income of Québec householdsincreased by 4.5% in 2016.
Economic growth (percentagechange)
-
15
The strongest job creation in Canada: from January to December 2016, 90 800 mostly full-time jobs were created in Québec
90.883.6
75.5
3.3 3.0 -0.3 -0.6 -5.7 -6.2 -14.4
QU
É
N.S.
MA
N.
ONT.
N.B
.
SASK.
B.C.
P.E.I.
N.L.
ALTA
Job creation
2017-2018: a balanced budget for the third year in a row
Budgetary balance (millionsofdollars)
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2 191
0
2018-2019
0
2019-2020
0
2020-2021
0
2021-2022
0250
-1600
-2824
-725
Balanced budget
The debt burden is declining
gross debt as at March 31 (percentageofGDP)
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
58
56
54
52
50
48
46
44
42
54.953.4 52.7
52.0
54.952.753.4
52.0
Debt reduction
(thousands)
45.0
OBJECTIVE
-
Le
gal d
ep
osi
t -
Bib
lio
thè
qu
e e
t A
rch
ive
s n
ati
on
ale
s d
u Q
ué
be
cIS
BN
97
8-2
-55
0-7
80
51-
9 (
Pri
nt)
ISB
N 9
78
-2-5
50
-78
05
2-6
(P
DF
)
© G
ou
ve
rne
me
nt
du
Qu
éb
ec, M
arc
h 2
017
www.budget.finances.gouv.qc.ca/2017-2018