Federal Budget 2019 – Highlights for the Life Sciences Sector

20/03/19 ' icon

Montréal InVivo, in partnership with NATIONAL, offers you an analysis of the federal budget and its potential impacts on the life sciences sector in Quebec.

Highlights
•    This budget focuses primarily on strengthening the middle class, particularly by improving access to homeownership, building a skilled workforce, reducing the cost of drugs and developing infrastructure, particularly to improve access to high-speed internet. 
•    The budget projects a deficit of $19.6 billion for the 2019-20 fiscal year and $18.1 billion in 2020-21. A return to balanced budgets is not expected in the medium term.
•    The weight of the federal debt as a percentage of GDP is expected to decline somewhat to 30.8% this year and should reach 28.6% in 23-24. 

The following pages contain the most relevant Budget 2018 excerpts for the life sciences sector.

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