alberta budget

8:19AM
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While the headlines on Alberta’s recent budget focused on the planned $6.1 billion deficit this year, the reality is that the true deficit will be even larger.


8:35AM
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In addition to spending increases, the Notley government is proposing new tax increases on top of the hikes to personal and corporate income taxes that have already come into effect. 


4:35PM
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Today's Alberta budget forecasts a $6.1 billion deficit for this fiscal year, and the province is on track to record 10 budget deficits in 11 years.


7:10AM
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A popular narrative holds that the recent fall in oil prices is chiefly responsible for the Alberta's current deficit. The evidence does not support this view.


3:04PM
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On Tuesday, the Alberta government will release a budget with a projected deficit of at least $5.9 billion this year, the seventh deficit in eight years. And just the other day, the government announced the budget won’t be balanced until 2019/20.


3:37PM
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Alberta’s budget, to be unveiled on Oct. 27, will contain the province’s seventh deficit in the last eight years, most recently projected at $5.9 billion.


9:00AM
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The new Alberta government has delayed introducing a budget until the fall, so MLAs will have plenty of time to think about how they’ll collect and spend Albertans’ money.


6:00AM
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Premier Jim Prentice dropped hints for months that the 2015 provincial budget was a once-in-a-generation chance to “fix” Alberta’s finances.


8:19AM
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In Alberta, to cushion the blow from falling revenues, some claim higher taxes will balance the books. How soon we forget. Alberta tried that in the late 1980s. It didn’t work.