{"id":21739,"date":"2021-03-26T09:14:00","date_gmt":"2021-03-26T13:14:00","guid":{"rendered":"https:\/\/cpaquebec.wp.vortexdev.com\/fr\/lordre\/nouvelles-et-publications\/lordre-des-cpa-salue-le-retour-prudent-a-lequilibre-budgetaire-en\/"},"modified":"2026-06-08T15:20:48","modified_gmt":"2026-06-08T19:20:48","slug":"lordre-des-cpa-salue-le-retour-prudent-a-lequilibre-budgetaire-en","status":"publish","type":"post","link":"https:\/\/cpaquebec.wp.vortexdev.com\/en\/the-order\/news-and-publications\/lordre-des-cpa-salue-le-retour-prudent-a-lequilibre-budgetaire-en\/","title":{"rendered":"The Quebec CPA Order welcomes a prudent return to a balanced budget but underscores the magnitude of the challenges involved"},"content":{"rendered":"\n

Montr\u00e9al, March 25, 2021 <\/strong>\u2013 The Quebec CPA Order welcomes the 2021\u20132022 budget and is pleased that the government has followed many of its recommendations. \u201cQuebec needed to adopt the measures required to overcome this crisis. The government has shown judicious prudence in postponing the return to a balanced budget to 2027\u20132028 while continuing to invest in the Generations Fund, which is allocated to repayment of the debt. Stabilizing the debt burden provides the breathing room needed in the current context,\u201d said Genevi\u00e8ve Mottard, CPA, CA, President and Chief Executive Officer of the Order.
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\nHowever, in support of intergenerational equity, the Order encourages the government to review the Generations Fund\u2019s management mechanisms when it amends the Balanced Budget Act, emphasizing risk management, the amounts held in the fund and the disbursement rules.
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\nThe Order points out that the government did not follow its recommendations for improving transparency and predictability. \u201cWe reiterate the importance of strengthening good governance in public finance with concrete measures like the creation of a parliamentary budget officer position and the preparation of long-term economic and fiscal projections. This will stimulate an informed public debate on the budget choices that will arise in the coming years and have a significant impact on future generations,\u201d added Ms. Mottard.<\/p>\n\n\n\n

Recovery through innovation and access to technology<\/strong><\/h3>\n\n\n\n

\nThe Order is delighted that the government is investing in increasing business productivity to encourage innovation and help counter the labour shortage. \u201cWe welcome the targeted measures to accelerate businesses\u2019 technological transition efforts and broaden access to high-speed Internet, the reduction of the tax burden for SMBs, and the additional investments of $193 million over two years to support the sectors hardest hit by the pandemic,\u201d continued Ms. Mottard.
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\nThe Order also highlights the investment of $85 million over five years to implement more digital solutions in higher education institutions, to promote equal opportunities.<\/p>\n\n\n\n

Budget items worth noting<\/strong><\/h3>\n\n\n\n