The State is Not a Family (Le Journal de Montréal / IRIS)

By Simon Tremblay-Pepin
Originally published on February 26, 2015
See original French text here:
The President of the Treasury Board recently said on the radio that although a family and a state have size differences, the budget of the one and the other must be understood in the same way. This coming from the mouth of someone who has taught economics is highly surprising. When that same person has important political responsibilities, these words become downright irresponsible.

Of course, the state budget has a column for expenditures and one for income, like that of any family. But as Mr. Coiteux knows, the similarity ends there. Let’s see why.

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Understanding Quebec’s Debt (YouTube)

By Eric Pinault

Originally published on: November 10, 2014

See original French version:

Title: Understanding Quebec’s Debt

Eric Pinault, speaker: In order to demystify it, I’ll go over this [notion] again as well as the question of servicing the debt.

Slide 1:

1 – State of affairs

Quebec’s national debt in 2012-2013:

– 175 500 000 000$ (49% of the GDP)
– 43 804$ per taxpayer

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