Alberta government, industry groups frustrated by federal budget, students celebrate small wins

Finance Minister Nate Horner speaks at a press conference on Tuesday about the federal government's 2024 budget. Federal Finance Minister Chrystia Freeland tabled her 2024 budget Tuesday, laying out the government's spending plans for the next five years, drawing reactions of frustration and doubt from some Albertans — and minor celebration from others.

Smith said she was most concerned to see the increase in interest rate payments the government is paying on its debt. "Once again the federal government has poured gasoline on the inflation crises in Canada, not least by increasing the carbon tax on gasoline. Federal finances are deteriorating and there's a complete lack of plan to return to balance," said Horner.

On a sole positive note, Horner said the $5 billion the government announced for its National Indigenous Loan Guarantee Program could mean good things for Alberta, especially if it's spent on natural resources and energy investments. "Layering on new corporate taxes on top of regulatory uncertainty and costs undermines Canada's attractiveness for investment on the global stage," said Baiton.

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