Alberta posts $3.9-billion surplus, first since 2015, due to surging oil and gas prices

Alberta posted a multi-billion-dollar surplus in the last fiscal year after a record windfall of energy revenue erased a forecasted deficit that motivated the government to cut spending.

“We have to take our time,” he said. “We need to recognize that if we go too far with this, we could actually make the situation worse even though we are trying to help.” , based on WTI averaging US$70 per barrel in the fiscal year, and Russia’s invasion of Ukraine has kept the price well above this mark. For every $1 over its WTI assumption, the government expects to collect an additional $500-million.

Lindsay Tedds, the scientific director of fiscal and economic policy at the School of Public Policy at the University of Calgary, said the UCP’s tepid approach to spending is warranted. Resource revenue is unstable and should not underpin long-term spending plans.

Plot Twist: JustinTrudeau spends 3.9-billion on solid gold wine 🍷 glasses to hand out at NATO summit for use in a toast 🥂 to his generosity with taxpayers funds.

Just think how much more we could have if Kenney was a smart guy in his gambling on pipeline and ect.

Keep it Hide it Just don’t give it to that welfare province Quebec.

Want to know who’s getting rich off your pain and suffering at the pumps?!!!

An extra 4.4 billion was collected in taxes alone . It does not take a lot of brains to dig deeper into the pockets of hardworking people to make your bottom line look better . Impress me by looking in the mirror and cut costs of your own operations

So that's where my money is going to.

Good stop whining for tax money.

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