This translation has been automatically generated and has not been verified for accuracy.Alberta is banking on a recovery in the oilpatch over the next few years to pull the province out of an economic downturn that has stretched on for years, tabling a budget that outlines more cuts to the public service while holding the line on education and health care.
Finance Minister Travis Toews said the province opted for “surgical” cuts rather than steep across-the-board reductions of former governments such as premier Ralph Klein’s painful budgets of the 1990s. Non-renewables are expected to comprise 15 per cent of Alberta’s total revenues by 2022-23, hitting $8.5-billion from the $5.1-billion forecast for 2020-21.
While the oil-and-gas sector remains central to Alberta’s budget – and its continued problems – the government is eyeing diversification measures, including a plan to seek $1.4-billion in investment to grow agriculture and food exports. The technology sector, despite being celebrated in the budget as “a foundation of Alberta’s economy,” will see just $200-million.
It says it will also share “factual information” about new oil sands projects that have “significantly lower” per-barrel greenhouse gas emissions. The issue recently became a political hot potato as Ottawa considered the application for the Teck Frontier oil sands mine in Northern Alberta, when the two levels of government presented wildly different GHG emissions numbers for the oil sector. Teck ultimately pulled its application.
When you gut a province economically, make it impossible for the people to make a living at the Federal Level, cuts will need to be made. Alberta needs to smell the coffee and get out of Canada, there is no future for this country and certainly none for Alberta.
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