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ARTICLE · 03 APRIL 2025

Québec Budget 2025: Infrastructure Spending Takes Center Stage Amid US Tariff Measures

On March 25, 2025, Québec Finance Minister Eric Girard announced Québec's 2025–2026 provincial budget, titled Pour un Québec fort.

CanadaGovernment, Public Sector

On March 25, 2025, Québec Finance Minister Eric Girard announced Québec's 2025–2026 provincial budget, titled Pour un Québec fort.1 Confronted with mounting economic challenges, escalating trade tensions with the United States and a projected deficit of CA$11.4 billion, Budget 2025-2026 has identified infrastructure spending as a central pillar of the province's economic resilience strategy.

A key assumption underlying Budget 2025-2026 is the impact of recent US tariffs, averaging 10% and expected to remain in effect for at least two years. American tariff measures are projected to reduce Québec's GDP growth by 0.7% and cost the economy an estimated 25,000 jobs over that period. As a response to the economic pressures created by recent tariffs, Québec's Budget 2025-2026 emphasizes targeted domestic investment as a counterbalance to external volatility.

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