Alberta budget sets out plan to balanced books in 5 years [Business News Network (BNN) Energy & Resources (Canada)]
Enbridge Inc (ENB)
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Source: Business News Network
Alberta budget sets out plan to balanced books in 5 years EDMONTON -- Alberta's 2018 budget includes more spending, an $8.8-billion deficit and a five-year plan to balance the books that's tied to the ups and downs of oil prices and the vagaries of pipeline politics. "This budget continues to support the vital programs and services Albertans need," Finance Minister Joe Ceci said Thursday. "It continues to work on the diversification of our economy and we need that vitally because of the wild swings in our revenues." The budget, as in past years, increases funding for core programs in education, health and community services. There is also money for previously announced incentive programs to diversify the energy-based economy and deliver more high-tech spots in post-secondary schools. The downside is a debtload of $54.2 billion this year in a province that was effectively debt free 14 years ago. The debt is expected to hit $96 billion by 2024. "That's what it will take to make sure we
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