R-2.2.0.1 - Act to reduce the debt and establish the Generations Fund

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1. For the 2032–2033 and 2037–2038 fiscal years, the net debt figuring in the Government’s financial statements must not exceed, respectively, 35.5% and 32.5% of Québec’s gross domestic product. These ratios correspond to the maximum limit of the net debt reduction objectives of 33% and 30%, respectively, of gross domestic product announced in the Budget Speech for the 2023–2024 fiscal year.
2006, c. 24, s. 1; 2010, c. 20, s. 52; 2023, c. 30, s. 30.
1. For the 2025-2026 fiscal year, the debt representing the accumulated deficits must not exceed 17% of Québec’s gross domestic product, and the gross debt must not exceed 45% of gross domestic product.
2006, c. 24, s. 1; 2010, c. 20, s. 52.
1. The object of this Act is to reduce the debt of the Government to less than 38% of Québec’s gross domestic product not later than 31 March 2013, less than 32% of Québec’s gross domestic product not later than 31 March 2020 and less than 25% of Québec’s gross domestic product not later than 31 March 2026.
2006, c. 24, s. 1.