Don't spend lavishly

Don't spend lavishly

Justin Trudeau will have to get used to the idea that he cannot spend lavishly. In addition to this, you need to know more about it.

Either, a strong majority of Quebecers say they are satisfied with its management of the pandemic. But they are also very numerous to worry about the health of public finances.

In any case, this is indicated by a survey carried out by the Quebec public relations firm TACT, in collaboration with Léger, whose results are published by Le Journal at the dawn of the Speech from the Throne.

Even Liberal voters in the majority (53%) are “very” or “somewhat” worried about the state of our finances.

The Prime Minister promises ambitious investments to revive the economy and fight the pandemic. Read here: expensive.

This will be addressed today in the Speech from the Throne, which will be read in the Senate by Governor General Julie Payette.

Rare fact: Justin Trudeau will also speak directly to the population, in the early evening, to “emphasize the urgency of fighting COVID-19” and present a summary of his fall priorities.

Responsible?

Beyond urgent spending to deal with the health crisis, the Liberals promise to widen the social safety net. It remains to know the scope of the project and how they will cover the costs.

Subsidized daycare, drug and / or dental insurance plan, basic universal income. So many very expensive ideas circulating among the Liberal troops.

We can already hear Mr. Trudeau hammering, to justify his new spending, that Canadians want above all “investments in the middle class”, not “cuts”.

The Prime Minister would not be completely wrong.

But the population also seems to believe that we cannot have butter and money from butter.

To govern is to choose.

The Trudeau government will have to show that it is comfortable with this notion, because the proof remains to be done. Even before COVID-19, the federal deficit had become structural.

Courage

The Liberals therefore have a few months ahead of them to juggle the numbers and come up with a credible plan that respects the ability of Canadians to pay.

An economic update detailing parts of the Speech from the Throne is expected later this year.

The new finance minister, Chrystia Freeland, will have to be creative in order to find new sources of revenue.

Ottawa may find the courage to finally live up to its promise to tax the web giants, as it promised.

Ms. Freeland says she is responsible AND ambitious. She will have to reconcile the two.

Priority

The fact remains that sound management of public finances is THE priority for many Quebecers, according to this probe.

Justin Trudeau would be wise to take this into account. Or, at the very least, to demonstrate that it has not completely lost control of spending.

The pandemic is devastating to our economy. But it cannot justify all the extravagances. The WE Charity scandal bears witness to this.

Quebeckers seem to have understood this.

Optimism about personal finances

My personal finances are going …

  • Deteriorate: 15%
  • Improve: 16%
  • Remain stable: 69%

Level of concern about the current state of public finances

  • Somewhat concerned: 35%
  • Very concerned: 28%
  • A little concerned: 25%
  • Not at all concerned: 7%
  • I don't know: 5%

Date of the next elections

  • Between fall 2021 and 2022: 28.4%
  • Not before October 2023: 27.8%
  • By spring: 25.9%
  • I don't know: 17.9%

The priorities of Quebecers towards the federal government

  • Public finance management (deficit reduction): 53.7%
  • The environment and the fight against climate change: 22.7%
  • Financing of social housing: 14.1%
  • Canadian unity: 3.9%
  • Living conditions of First Nations, Métis and Inuit: 2.2%
  • Immigration: 2%
  • International relations: 1.5%

METHODOLOGY

► Web survey conducted between September 15 and 21, 2020 with 1057 respondents aged 18 or over.

► This survey was carried out with the Leger Opinion (LEO) online panel

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