Western Canada: Alberta releases plan to rebuild economy after COVID-19, oil price crash. We have a smart and effective solution. The fiscal plan says 684 government of Alberta positions will be cut, with 277 in Agriculture and Forestry. The province's $2.9-billion health capital plan will include money for planning the redevelopment of the Red Deer Regional hospital and the proposed Brain Centre at the University of Alberta.
for capital and fiscal plan purposes, and for provin-cial corporations, net of maturities) to decline from $17.3 billion in FY17/18 to $11.7 billion in FY18/19, and then rise slightly to $12.6 billion in FY19/20 and $12.2 billion in FY20/21. The Alberta Economic Recovery Council, chaired by economist Jack Mintz, gave input for the plan.
... bringing the infrastructure budget for the current fiscal year to more than $10-billion. FISCAL PLAN 2017–20 • CLIMATE LEADERSHIP PLAN 55 CLIMATE LEADERSHIP PLAN CLIMATE LEADERSHIP PLAN OVERVIEW The Climate Leadership Plan (CLP) is a made‑in‑Alberta strategy to lower emissions, ensure Alberta’s resources are developed responsibly and create new opportunities to diversify the economy into renewable energy .
Since 2008, the province has run large deficits, turning a balance sheet in the black up to $35 billion to a net debt of $37 billion.To eliminate the deficit, the government’s four-year plan will cut program spending by 1.6 per cent over four years. The Alberta government expects its total financing requirements (i.e.
It is an aggressive plan with many details still to be worked out, especially the fiscal plan.
Based on last week’s provincial budget, the Kenney government in Alberta plans to return to sounder fiscal ground. Related – Wildrose says Alberta can trim $2B from the budget with 10-point plan "It’s not an austerity budget and I think that’s where a PC and a Wildrose budget would have been," Ceci said.
Alberta's liquidity is primarily in the form of substantial (CAD30.7 billion in fiscal 2019) liquid reserves from accumulated cash, cash and investments in the Alberta Heritage Savings Fund (CAD16 billion in fiscal 2019), and about CAD2.3 billion in a cash reserve account established for liquidity purposes through borrowing. “Alberta Liberals will put more cash into the pockets of Albertans.
We will provide more stable revenue to better plan our fiscal future and support our public services. The government says most will be reduced through attrition. Kenney announcing the Alberta Recovery Plan, with $10 billion available for everything from new roads and bridges to new long-term care homes, new schools, hospitals, and drug treatment centres.
“Alberta’s fiscal structure is broken. The Premier says this plan is the largest infrastructure investment in Alberta’s history. We will help businesses create more jobs.
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