Home » Business » -Title: Legault Embraces “Interventionist” Label in New Economic Vision

-Title: Legault Embraces “Interventionist” Label in New Economic Vision

by Priya Shah – Business Editor

quebec Premier ‍François Legault Pushes for Increased ⁣Defense Spending, ​Streamlined Approvals as Economic Strategy

BEAUHARNOIS, QC – Quebec Premier François Legault is signaling⁤ a significant shift in economic ⁢policy, advocating for Quebec-based companies like Bombardier, Davie, and CAE too capitalize on​ increased defense spending commitments from the‌ European⁣ Union and Canada. The move, unthinkable just five years ago, represents a‌ departure from previous ⁤priorities ⁢and a renewed emphasis ⁣on government intervention to drive economic growth.

Legault outlined a vision to accelerate⁢ projects and remove bureaucratic obstacles – including ⁢potentially shortening environmental review timelines with the Office of Public‍ Hearings on the Environment⁣ (BAPE) ‌from 18 months to six – to ⁣achieve rapid results. He assured that any streamlining would occur “without compromising on rigor.”

Though, the plan is ⁤already drawing criticism from environmental ‌groups concerned about potentially weakened⁢ environmental protections, ⁤with observers⁢ noting a ‌diminished focus ‌on “environment” in⁢ Legault’s economic vision compared to his previous statements.

A key challenge to the ⁣plan is Quebec’s ⁢current labor shortage.While announcing the economic vision from a hydroelectric⁤ power station in ⁣Beauharnois, Legault did not address workforce availability.​ The⁣ government is ⁢together undertaking ‍a “degreasing”‍ of the public service,​ eliminating hundreds‌ of positions.

Despite announcing a new⁤ annual ‍immigration target​ of 45,000 permanent ‍immigrants for the next four‍ years – 15,000 fewer than⁣ the​ current level – ‌Legault framed the adjustment as an effort to “optimise” rather than reduce immigration.

Facing ⁤a tighter timeline ​for re-election​ success, legault is aiming to demonstrate ⁣the continued value ⁣of government “intervention” in the Quebec economy, building on a ‌first⁢ term impacted by the⁣ COVID-19 pandemic.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.