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In a year-end interview, Premier Smith says: - Expecting a $7.5B deficit - Need $74/bbl oil to balance (budgeted at $68/bbl in Budget 2025) - Alberta will not be able to balance the budget #ableg

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Aaron Singleton

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54,725 просмотров • 7 месяцев назад •via X (Twitter)

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“Earlier, I stood in the House to challenge the government on a 24% increase in its operational spend over just 3 budget cycles providing a projected deficit of $5.4B. Even with oil prices at $70, balance is not achievable. Over the same 3-year period, the size of the GOA grew by more than 14%. Given the absence of fiscal discipline, a more realistic estimate of the deficit is $10-$12B. With no credible plan to balance, and a clear departure from good governance, this UCP government is on track to accumulate unsustainable debt – leaving the burden to future generations.” #ableg #abpolitics
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