Quebec's Minister of Economy, Innovation and Energy, Bernard Drainville, has clarified that he is not seeking to eliminate forgivable loans entirely, but rather to reduce their number. Speaking in Quebec City on Tuesday, Drainville emphasized that the program remains a valuable tool for economic development, but that it needs to be more targeted and efficient.
Minister's Stance on Forgivable Loans
Drainville responded to opposition questions during question period, stating that the government is reviewing the program to ensure it delivers maximum benefit to Quebec's economy. He noted that while forgivable loans have helped many businesses, there is room for improvement in how they are allocated.
Opposition Criticism
The opposition has criticized the program, arguing that it lacks transparency and accountability. Drainville countered that the government is committed to responsible fiscal management and that any changes will be made with careful consideration.
The minister's comments come amid broader discussions about Quebec's economic strategy, including support for innovation and green technology. Drainville reiterated that the government remains focused on creating jobs and fostering sustainable growth.
