Federal Budget 2019 – Highlights for the Life Sciences Sector
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.
• 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.