Quebec election: Liberals promise to maintain balanced budget in second term

The Quebec Liberals are promising to maintain a balanced budget without dipping further into a reserve fund if it is elected for a second term, despite some $2.4 billion in election promises.

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In unveiling their financial framework Wednesday, the Liberals explained they are counting on using an estimated $950 million surplus to fund some of its promises.

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Leader Philippe Couillard said the party is also banking on higher levels of own-source revenue, which comes from sources other than Crown corporations and federal transfers, based on projected gross domestic product growth.

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The Liberals say economic growth will hit 2.3 per cent in 2018 rather than the expected 2.1 per cent, which they say will allow the province to pocket an additional $200 million.

The party is also proposing to boost its education and heath budgets by a minimum of four per cent and 4.2 per cent, respectively, over the course of its mandate.

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