Quebec Finance Minister Eric Girard unveiled his economic update today. With the province's economic growth expected to remain sluggish, spending outlined in the mini-budget is aimed at food banks, social housing and dealing with the impact of climate change. With economic growth slowing dramatically, Quebec intends to take a targeted approach to pressing social issues like food insecurity and the housing crisis, Finance Minister Eric Girard announced in an economic update Tuesday.
"The situation is extremely difficult for Quebecers," Girard said. "We are not in recession but we are certainly in a difficult period that can be described as stagnation." Of that sum, $1.6 billion will be used for building 7,500 housing units for low-and-moderate-income households and $225.2 million will be used to build 500 housing units reserved for homeless people, under the Quebec affordable housing program.