Alberta to release year-end fiscal numbers Thursday amid weaker oil prices ableg abpoli
Recommended from EditorialLooking forward, February’s 2023-24 pre-election budget put spending at nearly $70 billion, while still expecting a surplus of $2.4 billion. That budget projected that the average price of WTI would remain at least US $79 per barrel.
like $110 million per year for three years on a new Calgary arena project, and major personal tax cuts costing the government $262 million in the first year — $3.6 billion over four years. Premier Danielle Smith also promised to increase spending on policing, health care, and education.
“We need the finance minister to come clean on what he’s going to do,” she said, adding if the $75-per-barrel projections continue to soften, the UCP won’t have the money they claimed they could spend during the election campaign.Smith has promised that her first bill, to be introduced when the legislature convenes in October, will prevent future governments from increasing personal or business taxes without going through a province-wide referendum process.
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