Sunday, December 31, 2017

#CANADA: Amid Soaring Deficits, #Alberta's Premier Notley Will Unveil Budget Balancing Plan

[world politics news]

Alberta Premier Rachel Notley says 2018 will focus on Alberta's fragile economy, specifically a road map to get back to budget balance in five years. This year's deficit is pegged at $10.3 billion, with a long-term debt that will spike above $42 billion in the spring. Opposition parties say Notley is optimistic, but not realistic. United Conservative leader Jason Kenney says Alberta spends 20 per cent per capita more than B.C. and that the deficit can be eradicated in six years with a spending freeze coupled with moderate economic growth.