Premier Jason Kenney speaks to the media in Edmonton, Alberta, on Tuesday Oct. 22, 2019. THE CANADIAN PRESS/Amber Bracken

Alberta UCP government tables budget with cuts to civil servants, universities

The budget builds on the government’s flagship corporate tax cut

Alberta’s budget preserves health and education funding but takes a big stick to cities, civil servants and universities.

The first budget from the United Conservative government elected in the spring projects a deficit of $8.7 billion on $50 billion in revenue for 2019-20. Debt is projected to rise to $72 billion by next spring.

It sets to reduce overall program spending by 2.8 per cent over four years to balance the books by 2023, while delivering tax incentives and tax cuts to allow the private sector to grow an economy weighed down by sluggish oil and gas prices.

“It’s a good day for Alberta,” Finance Minister Travis Toews said prior to introducing the fiscal plan in the legislature Thursday.

“Our budget theme is getting Alberta back to work.”

The budget builds on the government’s flagship corporate tax cut that has already seen the rate drop to 11 per cent from 12 per cent. It’s to reach eight per cent by 2022.

The cut, along with expanded pipeline access expected from projects like the Trans Mountain expansion, is the foundation of the government’s plan to grow the economy while minimizing service cuts.

But Toews said if financial conditions worsen outside the province’s control, the government will break out the scissors.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Sylvan Lake Community Partners seeking donations

Community Partners is still open and ready to help, says Jen Baliant

Sylvan Lake RCMP lay child luring charge

David Brown, 38, of Sylvan Lake was arrested on May 26 after a complaint received on May 19

Small celebrations planned for Sylvan Lake grads during pandemic

The high school and local businesses have small events planned to honour the Class of 2020

COVID-19 recovered cases continue to rise in Alberta

69 more recoveries Tuesday, bringing the total to 6,048

Eckville Arena Solar Project nearing completion

The 447 solar modules will cut on operating costs for the arena, says construction manager

Facing changes together: Your community, your journalists

Sylvan Lake News is firmly committed to seeing you through the changes ahead, but we need your help

Facing changes together: Your community, your journalists

Sylvan Lake News is firmly committed to seeing you through the changes ahead, but we need your help

Huawei executive loses court ruling, extradition case continues

Judge says allegations against Meng Wanzhou could constitute a crime in Canada

Trump threatens social media after Twitter fact-checks him

“Interfering in the 2020 Presidential Election”

Calgary bans businesses that claim to change sexual orientation or gender identity

Calgary bans businesses that claim to change sexual orientation or gender identity

Canada outspends Ireland, Norway in new pledging on Venezuelan refugee crisis

Canada outspends Ireland, Norway in new pledging on Venezuelan refugee crisis

Most Read