Posted September 15, 2026 2:52 pm.
The Parti Québécois unveiled a fiscal framework Tuesday promising to balance Quebec’s budget by 2028-29, but party leader Paul St-Pierre Plamondon was notably absent as the party presented its economic plan.
Instead, the announcement was led by the PQ’s economic team and candidates, as St-Pierre Plamondon prepares for upcoming election debate tonight.
“We were promised a government of accountants. Instead, we ended up with a government that doesn’t know how to count. Under the Legault-Fréchette team, Quebec’s debt has risen by 30 per cent, leading to a downgrade in our credit rating—a first in three decades. Their track record confirms the need to return to more rigorous management of our public finances,” said Nicolas Marceau, , PQ candidate for the Marie-Victorin riding.
The party says it could eliminate the deficit a year ahead of the timeline required under Quebec’s Balanced Budget Act by cutting what it calls CAQ waste and reducing bureaucratic spending by $6.6 billion.
The plan would also redirect government spending toward health care, education and public safety, while introducing measures aimed at easing the cost of living.
“The result of this policy will be to boost Quebec’s GDP growth by 0.25 per cent annually in the long run, generating new yearly revenues for the public treasury of around $700 million. In total, the cost of the Parti Québécois’s proposals in this campaign represents new spending of approximately $6.5 billion over four years,” added Marie-Victorin, PQ candidate for the Marie-Victorin riding.
The PQ says several of its proposals could be implemented without additional spending by reprioritizing existing funds and cutting bureaucracy. It also says its framework would preserve payments to the Generations Fund and maintain $5 billion in contingency provisions, citing economic uncertainty and the ongoing trade conflict with the United States.
