Province expected to end its current fiscal year with a $12.3-billion surplus thanks to high oil prices
Alberta is scheduled to introduce its budget Tuesday – the last before a spring provincial election – with political observers wondering what the province will do with all its billions of extra petrodollars.
Finance Minister Travis Toews, in his four years in the post, has tabled budgets that began with multibillion-dollar deficits and recently spotlighted multibillion-dollar surpluses due to rebounding oil and gas revenues. In recent days, Health Minister Jason Copping has promised $158 million in new spending to recruit health staff and $243 million to expand and improve primary care.
Tombe said the key question to ask is what does Alberta do as it reaches yet another fork in the road on how it saves its bounty, given that past boom and bust cycles have seen the province spend heavily in good times then be forced to run staggeringly high deficits in bad times?
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