The Fraser Institute, a right-of-centre think-tank, says the budget is a ‘marked’ departure from recent history in Alberta. The provincial debt to GDP ratio — long a point of fiscal pride for Alberta as the lowest in the nation — will increase from 6.1 per cent in 2015-16 to 19.5 per cent by 2019-20. Sorry we could not verify that email address. {* createAccountButton *}, Alberta budget promises balance amid some cuts over the next four years. Well because to me, the $ values above are quantitatively immaterial. It made it to the unfunded list in this budget, with the province saying it hopes to fund it when project scope and design is finalized. “The province also spends around 20 per cent more per person on program spending than B.C.,” he explained. Calgary may primarily send Conservative MPs to Ottawa, but it has a lengthy history of left-leaning mayors, including the incumbent Naheed Nenshi and a young Liberal-affiliated Ralph Klein. Friday's assessment from DBRS said the medium-term outlook for Alberta is the same as last year, but "key financial risk metrics have deteriorated relative to DBRS's expectations at the time of its last review.". A freeze is a cut, and 2.8 per cent is a deeper cut. Forecasts from Alberta Environment now expect greenhouse gas emissions to peak “in the early 2020s.”. © 2020 National Post, a division of Postmedia Network Inc. All rights reserved. Analysts with credit rating agency DBRS warned in a preliminary assessment Friday that while the debt burden is still low and the economy is expected to recover, it may not be enough to protect Alberta's AA rating and stable trend. A welcome email is on its way. The NDP spent just over $5.3 million to the UCP’s $4.5 million during the 2019 provincial election, more than tripling the party’s 2015 campaign expenditures as it lost 30 seats in the legislature. NDP immolated from a majority government to only two seats. In 2012 alone, the Alberta government spent $41.4 billion, an amount equal to $11,000 per capita. That still comes out to $2.823 million the UCP is spending in their first year above what the NDP spent in their first year, accounting for inflation. Under the UCP, there are 51 staffers in the premier’s office and the various ministries, who make at least $111,395. In Ontario, the most recent incarnation of an NDP government under Bob Rae famously ended with the party losing three quarters of its 77 seats in 1997. And quite frankly, what he didn’t tell us is just how deep those cuts would go.”. It’s no accident that Alberta history is filled with progressive firsts. Read more about cookies here. Enter your email address to get a new one. Peter Lougheed would not have entirely been out of place as an NDP premier. This site uses Akismet to reduce spam. A regular survey by Lethbridge College tracks Albertan opinion on a variety of issues and has repeatedly discovered a much more liberal version of Wild Rose Country than is typically believed. “This is basically a plan to make everyday Albertans pay for this government’s $4.5 billion no-job handout to big corporations and the super-rich,” Notley said. Also featured is $520 million for two new facilities on the Royal Alexandra Hospital campus and $65 million for a modernization of the Misericordia hospital, though the projects will likely disappoint advocates hoping to see both aging hospitals more extensively overhauled. Wildrose finance critic Derek Fildebrandt doubts Budget 2017 will satisfy ratings agencies and avoid yet another credit downgrade. The legendary “persons” case, which secured the right of Canadian women to sit in the Senate, was led by Alberta feminists. Enter your email below and we'll send you another email. Notley spent $661,724 less on all her staff per year than Kenney is on his 19 most expensive, the ones making more than $111,395 a year. READ MORE: Where does Calgary fit in the provincial budget? In his budget address, Ceci said some schools are water damaged, have obsolete boilers, sagging roofs and cold air seeping through aging window frames. “That’s the path that previous governments have taken, and we’re not going to repeat those same mistakes many are still paying for today,” he said. As per standard fiscal practice, it hasn’t budgeted for raises, but collective bargaining contract increases will have to come from somewhere. Here is a recent history of Alberta budgets: 2008-2009 (tabled April 22, … Photo by The Canadian Press/Nathan Denette. At times, the Progressive Conservative caucus abounded with MLAs who would have been Liberals or NDP in any other province. What dollar value do you think users of the financial statements care about? October 16, 2019 10:18AM. There’s also $5 million for school playground construction in the budget. We hope to have this fixed soon. The NDP spent just over $5.3 million to the UCP's $4.5 million during the 2019 provincial election, more than tripling the party's 2015 campaign expenditures as it lost 30 seats in the legislature. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Thursday’s budget contains some good news for health care in Edmonton, with more than $1 billion in new funding set aside for a handful of needed projects. As a refresher, here are the staff tables for the first year of both premiers: See? With the next election earmarked for early 2019, the government will be banking on a return to those “happy days” sooner rather than later. We knew we were going to see cuts in Jason Kenney's budget. Please try again. "In the absence of meaningful action to address the budget deficit and to slow down debt growth, Alberta's debt may exceed levels acceptable for the current ratings," DBRS said. Posted by Rachel Notley on Thursday, October 24, 2019. Ms. Notley added that Alberta’s debt is “absolutely manageable.”. The government also moved to fulfill an election promise to introduce school lunch programs, by allotting $10 million for around 40 school boards to serve up midday meals. As for operating costs, government spending on health care will jump to $21.4 billion this coming year. NDP outspent UCP by $800,000 in 2019 provincial election. The health ministry employs 4; the environment and parks, energy, and finance ministries each employs 3; the advanced education and justice ministries each employ 2; and the remaining ministries employ only 1 each. Visit our Community Guidelines for more information and details on how to adjust your email settings. There are two reasons for the Alberta NDP’s unexpected success: They’re not like the other NDPs, and Alberta isn’t as conservative as it looks. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. “Jason Kenney is playing games with numbers. {* backButton *} Edmonton residents will again face a stiff education property tax increase this year, courtesy of its rising property values compared to the rest of the province. Welcome to The Globe and Mail’s comment community. Curious to know what dollar value you would consider material for the year ended March 31, 2020? I’m also dichotomally Mormon. The Progressive Conservatives started a human rights commission, they bought an airline and even started a government-owned oil company, the Alberta Energy Company. But Ceci sticks by his government’s plan. The province’s new carbon tax will take in $3.9 billion over the next three years and then spend that money immediately, mainly on $1.5 billion worth of household rebates and $565 million in reductions to small business taxes. Alberta is forecast to have $71.1 billion in debt by the 2019-20 fiscal year, with debt servicing costs almost tripling from 2015-16 to $2.3 billion. For example, Rachel Notley had only 11 staffers on the sunshine list in … “Once we get to balance and run surpluses, we will pay down the debt. What benchmark would you consider and what % of that benchmark would you consider using? Wildrose Leader Brian Jean doesn’t think the projected revenue numbers are realistic, calling the budget’s increase in commodity prices over the next three to four years “hopeful thinking.”. The office with the most employees making over $111,395 a year is the premier’s office, which employs 20 staff. “You see people leave the province to go to other places for work. A welcome email is on its way. There’s no indication how much of it is going to transit. Alberta’s advanced education expense budget tops $6 billion this year, making it the third largest portfolio behind health ($21.4 billion) and education ($8.2 billion). “Albertans know that cuts hurt, and with cuts to nearly everything, all Albertans are going to feel the pain,” said Joel French, Executive Director of Public Interest Alberta in a release. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Preserving frontline spending means nurses and teachers will keep working while the economy recovers, he said, and the thwack of capital spending will create jobs after employment evaporated during the most prolonged oil price crash in Canadian history. The Londonderry project, which includes low-cost housing for families through Capital Region Housing, got $49.5 million for its renewal plan.
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