2011 – Pierre Fortin
March 11 – In its upcoming budget, Quebec must stay on a tough road to fiscal balance, warns leading economist Pierre Fortin in a study released today by the C.D. Howe Institute. In Staying the Course: Quebec’s Fiscal Balance Challenge, Fortin, Emeritus Professor of Economics at l’Université du Québec à Montréal, examines how Quebec’s fiscal balance has deteriorated. By 2009, after 10 years of balanced budgets, the province faced an unsustainable structural deficit which, if left unchecked, would reach a staggering $12 billion in 2013, increasing to $27 billion in 2019. Professor Fortin believes Quebec’s government should stay the course on restoring budgetary balance by 2013/14, while launching healthcare reforms and promoting productivity growth by concentrating its interventions in education, access to foreign markets, competition, taxation, and public infrastructure.
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http://www.cdhowe.org/pdf/Commentary_325_en.pdf
