Travis Toews told the Calgary Chamber of Commerce on Thursday that the province has worked hard on its fiscal framework and has been reducing debt and cutting spending.
With a population of 4.4 million, the province is on track to take in $70.7 billion in revenue and spend almost $67 billion. Another $1.5 billion is being set aside for unforeseen spending emergencies. The panel concluded that to achieve a balanced budget by 2022-23, the provincial budget should have no increases in government spending for four years and a reduction in operating costs by at least $600 million, as well as cuts in capital spending.
Toews said he personally wants to see Alberta taxes remain low, but it would be his desire that nothing be off the table when a revenue committee begins its work. He said he will be making an announcement in the "upcoming days" on whether he will seek re-election. The next provincial election is scheduled for May.
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Alberta finance minister wants review of province’s volatile revenue structureToews says because the majority of Alberta’s revenue comes from oil and gas revenue, it creates uncertainty during times of boom and bust
Source: globeandmail - 🏆 5. / 92 Read more »
‘Our reality:’ Finance minister wants review of Alberta’s volatile revenue structure | Globalnews.ca'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.' They better thank their lucky asses that oil increasing a little just before election! The albertaNDP said the same thing and started to diversify for stability and the UCP ruthlessly attacked them for it. Another way that the AlbertaNDP were correct and on the right path. BetterOffWithRachel From LukaszukAB: AdrianaLaGrange spins a 5% budget increase in education. Simply a lie. Inflation in Alberta is at 6%. Alberta-wide student enrollment increase is 2.7%. Large Yyc & Yeg school boards have 4% enrollment growth. This budget is 3.7% to 5% cut.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Alberta Finance Minister may walk away after leaving province’s coffers overflowingTravis Toews is refusing to say whether Premier Danielle Smith has offered to keep him on is he ran again Like he had anything to do with it. Your headline is balls. As usual. Did he cause the war in the Ukraine? Because he didn't, so far as I recall. He did nothing
Source: globeandmail - 🏆 5. / 92 Read more »
'Our reality': Finance minister wants review of Alberta's volatile revenue structureCALGARY — 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… We have a world class fiancé minister…let’s listen and learn Cut the size of government by 30%, and cut taxes at the same time. Problem solved. Here comes the PST… right after the election
Source: calgaryherald - 🏆 64. / 52 Read more »