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This report analyzes the 1994-9 Quebec deficit forecast of $5.7 billion and lists actions taken to limit that deficit. It assesses the economic situation and outlook for the province in 1994, discussing the main indicators of the Quebec economy and the results of the latest revision of the economic outlook. The report then details the revision of the 1994-95 revenue and expenditure forecasts since the May 1994 budget speech, including the revisions pertaining to own-source revenue, federal transfers, and debt service. Finally, it presents the Quebec government's plans to resolve its financial problems in the areas of revenue collection, federal transfer payments, public services, and job creation.
Since the resignation of Lucien Bouchard and Jean Charest's resounding win in the recent provincial election, many in English Canada have come to believe that Quebec separatism has finally been defeated. But polls show that sovereignty is still strongly supported by many Quebeckers, and by young people in particular. This new edition of Debts to Pay, a book dealing with Quebec/Canada relations, offers a fresh perspective on the recent changes in Quebec. Saskatchewan-based sociologist and historian John Conway investigates the early days of Jean Charest's government and looks ahead to the effect that Paul Martin's ascension in Ottawa could have on Canada's constitutional struggles. Conway attempts to understand Quebec's aspirations by understanding its history. Through a discussion of relations between Quebec and Canada in the past and present, he explores the division of power between the two societies and provides insights into the source of Quebec's grievances. Debts to Pay offers insight into the bitter and longstanding rift that still remains a threat to the integrity of the Canadian nation.
This booklet is a reprint of a publication that first appeared in September 1991, created an uproar in Canada's parliament and the provincial legislatures, resulting in correspondence with the ministers of finance and the abandonment of Canada's tight monetary policy. The Looney fell to 63 cents U.S., and the Canadian economy started booming. "The author, who lives in Vancouver, B.C., suggested to me that publishers are motivated more by a harsh critique than one that is blandly favorable. Too bad; I cannot be harsh on the substantial portion of the book dealing with history and concepts. It has refreshing clarity that covers an otherwise tedious mass of research. I like it." - Miner Baker, Seattle Post-Intelligencer. "I agree with your position that the high cost of the federal government's fight against inflation is not worth the assumed benefits. The federal government should abandon its high interest rate policy to facilitate and economic recovery in Canada." - Floyd Laughren, Treasurer of Ontario. "Who do you think you are to tell me that Canadians are disgusted with my performance [see page 84-Author]. The Canadians that I have represented for 23 years in the province of Newfoundland respect my performance. It is the over-qualified self righteous students like you who think you have the answers to Canada's problems; but history tells us that you have always been, are at present, and always will be, wrong." - Jack Marshall, CD, Senator from Newfoundland. "You have preached most eloquently to the choir. I have been saying the same thing for 30 years in Congress." - Henry B. Gonzalez, Chairman, U.S. House Banking Committee.