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By the numbers: Quebec’s 2015 budget

Quebec's 2015 budget. Aalia Adam/Global News

MONTREAL – Quebec’s Finance Minister Carlos Leitao tabled the province’s 2015-16 budget Thursday.

It’s the first balanced budget since 2008.

Here’s what you need to know:

$197.1 billion: Quebec’s gross debt as of March 2014, estimated to reach $210.5 billion by March 2016

$80.7 billion: the amount it takes to balance the budget on own-source revenue

$19.4 billion: in federal transfers

$2.35 billion: the 2014-15 deficit, as projected last year

READ MORE: Quebec tables balanced budget as it aims to slice its massive debt

11.5: per cent – the corporate general income tax will be reduced from 11.9 per cent starting in 2017

2019: the year the health tax will be fully eliminated

63: seniors over this age will receive a new tax credit of up to $602 in 2017 and $902 in 2018. For those 65 and over, the amount in 2018 will be $1,504

2: the percentage of expected economic growth

0: new taxes

GALLERY: Quebec’s reveals it’s 2015-16 budget

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After 6 years of deficits, Quebec has balanced its books. Finance Minister Carlos Leitao calls it a new point of departure, beginning of a new era. Aalia Adam/Global News
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Small increases: Health spending up 1.4% ; education up by 0.2%. Aalia Adam/Global News
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Finance Minister Carlos Leitao not raising the QST as recommended by the Godbout report. Aalia Adam/Global News
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Leitao promises to start reducing health tax in 2017 and eliminate it by 2019. Aalia Adam/Global News
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Economist Stephen Gordon says “it's the government's attempt at trying to turn a very large boat around.”. Aalia Adam/Global News
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Teachers are particularly upset. "This means another year of cuts," says FAE President Sylvain Mallette. Aalia Adam/Global News
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$2.5 billion in tax relief over 5 years for individuals and corporations. Aalia Adam/Global News
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"It's not really a budget of 2015, it's the budget of 2017," says CAQ leader Francois Legault. Aalia Adam/Global News
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"It’s easy to table a balanced budget when you don’t care about the consequences on your economy or the consequences to the services you provide citizens,” says PQ Finance critic Nicolas Marceau. Aalia Adam/Global News
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Aalia Adam/Global News

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