2023-11-08 05:55:58
(Quebec) Housing, homelessness, labor shortage and climate transition. The Legault government is disbursing 4.3 billion over five years to deploy “targeted actions” and respond to the various crises shaking Quebec. Here is an eight-point overview.
8,000 social and affordable housing units
At a time when the housing crisis is raging in Quebec, the Legault government is allocating 1.8 billion over five years to the construction of 8,000 new social and affordable housing units, including 500 housing units for people experiencing homelessness. The sums planned for 2024-2025 (210 million) will also be disbursed this year to begin the construction of housing as quickly as possible. The government can put its foot on the accelerator thanks to an agreement concluded with Ottawa, which allows it to receive 900 million in federal transfers. Quebec undertakes to invest the same amount. The new housing will be built as part of the Quebec Affordable Housing Program. Eric Girard said he expected these 8,000 homes to be built within five years.
PHOTO MARTIN TREMBLAY, ARCHIVES LA PRESSE
Rather than sending checks, the Legault government is banking on an indexation of 5.08% of tax assistance.
Indexation of tax assistance
Rather than sending checks, the Legault government is banking on an indexation of 5.08% of tax assistance (personal income tax system and social assistance benefits) to say that it is giving breathing space to Quebecers who suffer from inflation. This indexation has been automatic every year since 2002, by virtue of a law. This will result in the enhancement of several deductions and tax credits on 1is January 2024. For example, the maximum amount of the Family Allowance will increase from $2,782 to $2,923 and the solidarity tax credit for a person living alone will increase from $1,162 to $1,221. Indexation – which represents 2 billion per year – will correspond to an average amount of $282 per taxpayer in 2024.
PHOTO PATRICK SANFAÇON, LA PRESSE ARCHIVES
The Legault government will inject additional sums of 22 million per year for the construction of emergency shelters.
Fight once morest homelessness
To respond to the homelessness crisis that is hitting many cities in Quebec, the Legault government is injecting additional sums of 22 million per year for the construction of emergency shelters. To this are added the 4.5 million already planned in the budget, for a total of 26.5 million per year until 2027-2028. Following the publication of the last count in September, Minister Lionel Carmant managed to release 15.5 million in new money to start accommodation projects before winter. His wish to see these sums become recurring was granted. Quebec is also increasing support for culturally adapted services for First Nations and social reintegration.
PHOTO FRANÇOIS ROY, LA PRESSE ARCHIVES
The Legault government is releasing one-off and targeted aid of 20.8 million for five organizations offering food aid.
One-off help for food banks
The Legault government is releasing one-off and targeted aid of 20.8 million for five organizations offering food aid (the network of Food Banks of Quebec, the Breakfast Club, La Tablée des Chefs, the OLO Foundation and La Cantine for all), another sector where demands are exploding. However, the network of Quebec Food Banks alone requested aid of 18 million in October. Managing director Martin Munger believes this is a “boost” that will get the network through the holiday season. “We will have to talk to the government once more quickly,” he warned on Tuesday.
PHOTO OLIVIER JEAN, LA PRESSE ARCHIVES
Quebec will inject 62 million to relaunch accelerated training for beneficiary attendants.
Training in specific areas
The Legault government is disbursing new sums to support training in the construction and health and social services sectors, two areas particularly affected by the labor shortage. Quebec is injecting 261 million over two years for its “construction offensive” which aims to train between 4,000 and 5,000 workers, and 62 million to relaunch the accelerated training of beneficiary attendants, which was successful during the pandemic. Quebec adds 5.8 million to encourage psychology students to practice in the public network.
PHOTO DAVID BOILY, LA PRESSE ARCHIVES
Quebec is paying cities additional sums of 292.1 million over five years, including 114.9 million starting this year, to help them adapt to climate change.
Supporting the climate transition
Quebec is paying cities additional sums of 292.1 million over five years, including 114.9 million starting this year, to help them adapt to climate change. This is partly the financial impact of the “Declaration of Reciprocity” between the government and the municipalities, the formula which replaces the fiscal pact. As The Press revealed, some 500 million additional must be paid to cities for the climate transition. The difference will be part of measures announced “later” by the Minister of the Environment, Benoit Charette. The government is also disbursing 269 million to help communities that suffered from forest fires in the summer of 2023 (404.2 million over five years). As planned, it adds 265 million for public transport.
PHOTO PATRICK SANFAÇON, LA PRESSE ARCHIVES
Quebec is revising its economic growth forecasts downward for 2024. It expects real GDP to increase by 0.7% instead of 1.4%.
Economic stagnation
Quebec is revising its economic growth forecasts downward for 2024. It expects real GDP to increase by 0.7% instead of 1.4%. “The persistence of inflation” and “the cumulative effect of interest rate increases” explain this deterioration, according to the Minister of Finance. “We are not in a recession, but certainly in an extremely difficult period that might be described as stagnation. »
PHOTO ALAIN ROBERGE, LA PRESSE ARCHIVES
“The financial framework is very tight,” said Eric Girard in a message sent to the unions of 600,000 state employees.
Quebec is stuck in its cushion
With falling tax revenues and new expenses, Quebec must draw on its contingency provision in order to maintain the objective of returning to budget balance in 2027-2028. He uses 5 of the $6.5 billion in five years that were in his contingency cushion. “The financial framework is very tight,” said Eric Girard in a message sent to the unions of 600,000 state employees.
1699692851
#Economic #update #targeted #actions