Under those accounting rules, the final number would have been $1.4 billion. Finance Minister Joe Ceci on Wednesday projected a deficit of $6.9 billion for the 2018-2019 fiscal year — down from the $8.8 billion in his financial blueprint last March.

"That has to be taken into consideration about the impact on our revenues and ability to project where we're going to be at the end of the year.". Prince Knight – good job finding Ralph’s official deficit act. Mass demonstrations you can’t ignore. MacPherson says this will dump debt onto future generations of Albertans while raising taxes sooner or later. “But it neglects to point out that the NDP campaigned to protect the public sector and the vulnerable in society. Alberta is on track to end the current fiscal year with a $24.2-billion deficit, the largest in the province’s history, and the finance minister is suggesting more cuts are on the way. And the deficit would be even lower if Rachel Notley’s government had frozen spending when it was elected, the study said. The UCP also said Ceci’s update affirms the province is racking up crushing debtloads by a party that has promised — and failed — to meet self-imposed deadlines to balance the books. Debt is being pegged at $56.8 billion and is projected to rise to $95 billion by 2024. Editor’s note: This story originally stated the Alberta deficit would now be $3 billion had the PCs won the 2015 election. The update forecasts total revenue at $49.6 billion and total expenses at $56.6 billion. sets another record for one-day COVID-19 cases, Trudeau urges Canadians to do more to curb COVID-19 surge, Alberta Budget 2018: finance minister outlines plan to balance books in five years, Platform planks of Alberta’s 4 main parties in 2015, Report indicates Calgary and Edmonton’s GDP could return to pre-recession levels this year. Alberta Finance Minister Joe Ceci says the current fiscal year will be the first full reporting period with oil at drastically reduced prices. News from Alberta's NDP See all updates. Time for Albertans to pull down their hats and get ready, because their going for a ride that will cost them years to recover from. article. Texts sent to rally Trump supporters after U.S. election linked to Trump aide’s company, Trump faces uphill battle getting Supreme Court to intervene in U.S. election, U.S. election results: Live, real-time election results as America votes, U.S. election: Here’s how close 5 battleground states are to finishing ballot counts, Aerosol spread of coronavirus underscores importance of avoiding ‘three Cs’: Tam, U.S. Election: Here’s why the AP hasn’t called Pennsylvania yet, U.S. election: Stephen Colbert breaks down over Trump’s White House speech, America Votes 2020: Biden poised to become U.S. president, leads in key states, America Votes 2020: How Biden was able to get ahead by flipping key states, B.C. There is some talk of Canada entering another recession, and thanks to oil prices bottoming out, Albertan’s will be paying interest on the debt forever. “The deficit is down by $1.9 billion, faster than forecast. I was reminded recently of a quote by Ralph Klein, and he said that “Politics is a blood sport” and that is certainly proving to be true. The extra revenue came from diverse sources, including more tax money and higher-than-expected investment income. Opposition parties have been criticizing Notley and her government for what they say is a misuse of government money and resources to push her party’s message before the campaign period. Some information in it may no longer be current. Peter – I agree, the $400 Ralph bucks was the icing on the cake. Well, no belt tightening in sight with this government, wink, wink, nudge nudge.

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