Alberta’s finance minister says he would like to see a panel formed within the next year and a half to address the province’s often volatile revenue structure.
“We do have a volatile revenue structure in this province and at some point, some day, Albertans are going to have to consider what we need to do to correct that,” Toews said in his speech.Alberta is predicting a $2.4-billion budget surplus this year, with plans to take a big bite out of its debt and help prevent deficits when oil booms go bust.
Toews told reporters after his speech that the province got its spending under control after it got advice from an independent panel in 2019 chaired by former Saskatchewan finance minister Janice MacKinnon. “Periodically, government should take a step back and look at their revenue structure for its appropriateness and efficiency, and that day is coming. I would suggest that day is coming ideally in the next year, 18 months.”
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