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

Stettler’s Big Brothers Big Sisters has plenty of events lined up for the first part of 2020

January is Mentoring Month across Canada and throughout North America

Cattle Show set to return to Stettler Jan. 31st and Feb. 1st

“Stettler, historically, has been a very strong cattle community. It was a real hub for the cattle industry.”

RCMP Major Crimes Unit lays charges in Stettler death

Nicholas Climb Johnson, 32, of Stettler is charged with second degree murder in the death of his father

RCMP remind drivers about dangers of unlocked and idling vehicles

Leaving a vehicle running unattended creates a situation that criminals find difficult to resist

Stettler Junior Curlers traveled to the Wetaskiwin bonspiel Jan. 11th and 12th

Coming up on Feb. 8th and 9th, the Club will be hosting its own junior bonspiel with 28 teams registered

Rebels fight back from 3-1 Raider lead to win 4-3 in shootout

Two goals by Zak Smith key to Rebels comeback

‘Extensive’ work planned at Big Bar landslide ahead of salmon, steelhead migration

Fisheries Minister Bernadette Jordan visited the site of the slide from June

Royal deal clears way for Harry, Meghan part-time Canada move: experts

Keith Roy of the Monarchist League of Canada said the deal is exactly what Harry and Meghan asked for

PHOTOS: Eastern Newfoundland reeling, search underway for missing man after blizzard

More than 70 centimetres of new snow fell overnight, creating whiteout conditions

Prince Harry, Meghan to give up ‘royal highness’ titles

‘Harry, Meghan and Archie will always be much loved members of my family,’ says Queen Elizabeth II

RCMP Major Crimes Unit lays charges in Stettler death

Nicholas Climb Johnson, 32, of Stettler is charged with second degree murder in the death of his father

Metis nations ask Ottawa to negotiate directly with them, not national body

Three provincial Metis nations will work through the national council until after the federal government releases its 2020 budget

Most Read