Alberta Staked Its Budget On The Price Of Oil. What Happens Now?

According to the 2020 budget, 15 per cent of Alberta’s revenue is staked in the price of oil, up from 10 per cent previously. So, big stakes plus a big crash, mean a big problem for the government.

“If oil prices evolve as current market conditions project them to be, then we’re looking at a deficit in 2022 on the order of about $3 billion, rather than the surplus the government is projecting. So this budget rests entirely on optimistic price projections for oil,” Tombe said.On Monday, Notley called for the government to re-do the budget, describing its projected numbers as “irresponsibly optimistic.

Both Kenney and Notley called on the federal government to intervene with some sort of aid or stimulus. Kenney will be travelling to Ottawa later this week to meet with federal officials.Kenney will specifically be asking the federal government for job-creating investment in the province.

'Uncharted territory' is short for 'I don't have a friggin' clue'!

Live by the tar sands,die by the tar sands Kenney

The people who voted for this clown are the same ones hoarding toilet paper

It's not a unique Kenney thing, every decision Alberta has made in the last decade or so has been based on oil price projections that basically ignore reality. Kenney's unique contribution will be blaming his failure on environmentalists, indigenous peoples, etc. Again.

Jason, it’s spelled S-A-L-E-S T-A-X

It's a whoopsie-doodle!

jkenney is an idiot .

In Oshawa, we have had a few Mayors that decided not to bet our future on GM. Thank goodness! Kenney was and is shortsighted!

Go to the Trudeau credit card with hat in hand

Well not to spend their children's wealth now like Wynne and McGuinty did in Ontario.

Pretty quiet on the Wexit front !!!

There is always the Federal government to blame..

How about a provincial sales tax

A one trick pony has a lot of trouble in a demanding circus like today’s world.

Play stupid games; win stupid prizes

Build a LNG pipeline.

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