Overview
- Quebec projects a $9.9 billion deficit for 2025-26, down from November’s $12.4 billion estimate, and an $8.6 billion shortfall for 2026-27 in a $170.8 billion plan centered on health, education and infrastructure.
- The Quebec budget includes a $2 billion contingency and a $2.3 billion deposit into the Generations Fund, plus a $250 million per year, five-year envelope reserved for the incoming CAQ leader.
- Quebec maintains a goal to balance by 2029-30, a timeline the interim auditor general has questioned due to unspecified savings in the plan.
- Saskatchewan forecasts an $819 million deficit for 2026-27, pledges no tax increases or program cuts, and boosts spending by nearly $1.2 billion largely for health care, education, social services and policing.
- Saskatchewan plans about a 3% public-service reduction through attrition and expects higher provincial sales tax revenue but weaker natural-resource income, while both provinces flag U.S. tariffs and Middle East-driven oil shocks as key risks.