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Quebec to balance budget, invest in mining

Posted by Politics News Headlines - Yahoo! News On March - 20 - 2012 News Politics

Quebec's Minister of Finance Raymond Bachand shows different versions of his budget at his office in Quebec CityOTTAWA (Reuters) - Quebec will balance its budget by 2013-14 after running a deficit of C$1.5 billion ($1.5 billion) in 2012-13, the government of the Canada's second most populous province said in its budget on Tuesday. Quebec Finance Minister Raymond Bachand told the provincial legislature that the deficit for the fiscal year 2011-12 would come in at C$3.3 billion, or C$500 million less than forecast a year ago. The deficit includes an C$850 million contribution to the Generations Fund, which was established in 2006 to repay the gross debt. ...


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