DOCUMENTSBUDGÉTAIRES

2016-2017

Excerpt

BUDGET 2016-2017March 2016

TABLES AND CHARTS

THE QUÉBECeconomic plan

Sources: Institut de la statistique du Québec, Statistics Canada and Ministère des Finances du Québec.

The condiTions are in place for fasTer economic growTh

economic growth in Québec (real GDP, percent change)

1.1

2015

1.5

2016

1.6

2017

Source: Statistics Canada.

change in employment in Québec (number of jobs in thousands)

4 072Jobs for

december 2013

Job creaTion remains robusT

4 039Jobs for

april 2014

4 110Jobs for

february 2016

December June December June December

70 600 jobs since April 2014

Source: Statistics Canada.

share of private payroll employment in canada in 2015(per cent)

Québec 49.7%

Rest of Canada

50.3%

Québec accounT for 50% of Jobs creaTed in canada

non residential business investment in Québec(percent change, in real terms)

Sources: Institut de la statistique du Québec, Statistics Canada and Ministère des Finances du Québec.

invesTmenT is rebounding

9.1

-7.9

9.3

-11.0

-4.7

2015

0.0

2016

2.8

20172012 2013 20142011

budgetary balance(1) (millions of dollars)

(1) Budgetary balance within the meaning of the Balanced Budget Act.

afTer six years of deficiT, The budgeT is balanced and will sTay balanced

-3 946

2009-2010

Projected target

Achieved

2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

-3 174

-4 506

-3 150

-3 800

-2 628

-1 600-1 500

0

-2 824

-2 350

0

-1 143

2016-2017

0

change in program spending

program spending growth (per cent)

2.5

2011-2012

1.2

2012-2013

3.3

2013-2014

1.6

2014-2015

1.7

2015-2016 2016-2017

2.7 2.8

2017-2018 2018-2019

2.8

2019-2020

2.8

2.8

2020-2021

2.8

consolidaTed expendiTure growTh by province

consolidated expenditure growth by province (per cent)

Note: Consolidated expenditure excluding debt service.Sources: Department of Finance Canada and ministère des Finances du Québec.

Average 2006-2007 to 2012-20132013-2014

Québec Budget balanced

in 2015-2016

4.5 4.7

1.4

2.5 2.4

4.7

3.2

onTario Budget balanced

in 2017-2018

briTish columbia Budget balanced

in 2013-2014

2014-2015

2015-2016

2016-2017

Year of return to a balanced budget

2.1 2.2

1.0

4.4

0.3

2.5

4.4

2.4

program spending for the major portfolios(millions of dollars)

sTrengThening funding of public services

Note: Totals may not add due to rounding.(1) The purpose of this program is to cover unforeseen expenditures in any government program, expenditures provided for but not broken down in depart mental portfolios as well as certain measures announced as part of Budget Speech 2016-2017.(2) The government has fiscal room to face various risks and manage department arbitrations required when preparing the Expenditure Budget.(3) To assess growth based on comparable spending levels, the percent change was calculated by excluding, from 2015 2016 expenditures, transfers from the provision for francization of the Ministère de l’Immigration, de la Diversité et de l’Inclusion ($78.5 billion).(4) To assess growth based on comparable spending levels, the percent change was calculated by including, in 2015 2016 expenditures, transfers from the provision for francization of the Ministère de l’Immigration, de la Diversité et de l’Inclusion to the Ministère de l’Éducation et de l’Enseignement supérieur ($78.5 million) and the Ministère de la Santé et des Services sociaux ($12.2 million).Source: Secrétariat du Conseil du trésor.

2015-2016 2016-2017 2017-2018 2018-2019

Éducation et Enseignement supérieur(1) 16 827 17 245 17 769 18 299

% change 1.3 3.0(3) 3.0 3.0

Santé et Services sociaux 32 964 33 739 34 564 35 529

% change 2.3 2.4 2.4 2.8

Other portfolios 16 308 16 599 16 961 17 045

% change -1.1 1.2(4) 2.2 0.5

Contingency Fund(1) 365 655 612 717

Fiscal room(2) — — 250 500

program spending 66 460 68 238 70 156 72 089

% change 1.7 2.7 2.8 2.8

level of public capiTal invesTmenTs will remain high

investments under the 2016-2026 Québec infrastructure plan (billions of dollars)

2024-2025

8.58.5

2022-2023

8.58.5

2020-2021

8.58.8

2018-2019

8.99.3

2016-2017

9.69.6

2014-2015

9.6

2007-2008to

2013-2014

8.9

2016-2026 Qip: 88.7

9.2

2002-2003to

2006-2007

4.5

Average

1997-1998to

2001-2002

2.8

investments in education and higher education infrastructures (millions of dollars)

Note: Investments totalling $80 million will be made beyond 2018-2019, raising investments under the Plan to $700 million.

2016-2017

2 066

1 588

2017-2018 2018-2019

1 9591 761

1 473

305200

115

Plan for Success in Education and Higher Education

Already planned in the QIP

greaTer invesTmenT in educaTion and higher educaTion infrasTrucTure

2016-2017 2017-2018 2018-2019

1 588

2 0662 159

gross debt as at march 31(1),(2) (percentage of GDP)

P: Preliminary results for 2016 and forecasts for subsequent years.(1) The gross debt excludes pre-financing and takes into account the sums accumulated in the Generations Fund.(2) The gross debt takes into account the debt that the health and social services and education networks have issued in their own name. The data as of 2009 are not comparable with those for prior years, which do not include this debt.

The gross debT burden is declining: imporTance of The generaTions fund

2021P2016P2009

50.149.5

55.0

57.5

55.0

Without the Generations Fund

With the Generations Fund

economic support in the Québec economic plan (millions of dollars)

almosT $13 billion To supporT Québec’s economy

(1) Represents the cost for the first five years. (2) Including investment for continuation of the Bombardier C Series program.

cosT of iniTiaTives under way

invesTmenTs supporTed

Budget 2014-2015 816 7 169

Fall 2014 Economic and Financial Update - Québec 195 735

New and improved tax holiday for major investment projects

10(1) 4 035

Budget 2015-20161(2) 3 393 9 893

subToTal 4 414 21 832

Budget 2016-2017 3 647 12 804

ToTal – economic plan du Québec 8 061 34 636