FormerXBC Inc XEBEQ

Quebec budget today

[Magicmike67]

https://www.budget.finances.gouv.qc.ca/budget/2022-2023/documents/Budget2223_BudgetPlan.pdf#page=216



1.1 An additional $1 billion for the 2022-2027
implementation plan
In the coming weeks, the government will introduce the 2022-2027 implementation
plan, which will add $1 billion to the financial framework compared to the current
implementation plan, due in part to anticipated additional revenues from the
CAT system.
— As a result, expenditures under the 2022- 2027 implementation plan will total
$7.6 billion, compared to $6.7 billion in the 2021-2026 implementation plan, for
a difference of $1 billion.
By increasing efforts to fight climate change, this enhanced plan will help accelerate
Qubec’s transition to a low-carbon economy.
TABLE F.2
Comparison of planned expenditures for the 2021-2026 implementation
plan and the 2022-2027 implementation plan
(millions of dollars)
Planned
expenditures
2021-2026 implementation plan 6 654
2022-2027 implementation plan 7 647
DIFFERENCE +993
Note: Totals may not add due to rounding.
Significant investments to address climate change
The 2022- 2027 implementation plan will rely on significant investments to fight
climate change.
Of the $7.6 billion in total expenditures, $5.8 billion will be allocated to reducing GHG
emissions, including:
— $3.5 billion in the transportation sector;
— $1.3 billion for the industrial sector;
— $758 million for the building sector.
Moreover, just over $1.4 billion will be invested in initiatives with other objectives
than that of reducing GHG emissions, such as adapting to climate change.

[tamaracktop]

My post from December 16, 2021: Meanwhile, lurking in the background.. The market doesn't seem to realize that Xebec has a silent partner The Provincial government Xebec is tight there through their partnership with the Fonds. If anyone thinks that the government of Quebec would let Xebec struggle, they're woefully mistaken. Quite the contrary. The government of Quebec