SOGEI website background

The Generations Fund. Québec is repaying its debt

The Generations Fund. Québec is repaying its debt

In 2006, the government established the Generations Fund, thereby adopting an original, bold approach in order to control and then reduce the debt burden on public finances, beyond changes in the economic situation.

  • The strategy has been maintained despite the economic and financial crisis of 2008 and the ensuing budgetary deficits. Just over 10 years later, the strategy is bearing fruit and the strides made are impressive.
  • As at March 31, 2018, the Generations Fund stood at $13 billion and the debt burden in relation to gross domestic product (GDP) is decreasing.
  • These results stem directly from the strategy adopted and the attendant gains.1 To give concrete expression to the results already obtained and prepare for the future, the government is entering a new phase.
  • Québec will begin in 2018-2019 to repay its debt using part of the amounts accumulated in the Generations Fund.
  • The government is simultaneously maintaining a winning strategy by continuing to dedicate revenues to the fund, which will guarantee its future growth.

In The Québec Economic Plan − March 2018, the government presents the results