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Quebec Separatist Government Appoints Marceau as Finance Minister
Quebec's new separatist government names economist Nicolas Marceau as finance minister amid fiscal challenges.
In brief
Quebec's new separatist government names economist Nicolas Marceau as finance minister amid fiscal challenges. Quebec's separatist government appointed Nicolas Marceau as finance minister to address a C$6.5 billion deficit and fiscal constraints. Originally reported by mint.
Newly Elected Quebec Government
The newly elected separatist government in Quebec appointed economist Nicolas Marceau as its finance minister on Wednesday.
Marceau's Previous Experience
Marceau held that position the last time the Parti Québécois was in power, between September 2012 and April 2014.
Infrastructure Focus
Quebec Premier Paul St-Pierre Plamondon said the priority is to renovate infrastructure.
Historic Moment
Plamondon declared he cannot imagine standing on the sidelines as this historic moment unfolds before us, which could lead to the birth of the country of Quebec.
Minority Government
The PQ formed a minority government on Oct. 5 with the lowest-ever popular support in Quebec, winning 59 of 127 seats.
Referendum Plan
St-Pierre Plamondon promised to hold a referendum on breaking away from Canada once US President Donald Trump’s second term ends in January 2029.
Fiscal Challenges
The PQ foresees a C$6.5 billion ($4.6 billion) deficit for the fiscal year ending March 31 and needs C$1.8 billion in savings to balance the budget in two years.
The bottom line
Quebec's separatist government appointed Nicolas Marceau as finance minister to address a C$6.5 billion deficit and fiscal constraints.
