CALGARY, AB: The Canadian Taxpayers Federation is calling on Alberta’s Finance Minister Travis Toews to reprioritize belt-tightening.
“The dismal fiscal update needs to be a wake up call for Toews to tighten the belt on government spending,” said Franco Terrazzano, Alberta Director for the CTF. “It’s been months since the first bad-news budget update, but we haven’t seen Toews get serious about fixing the government’s spending and debt problem.”
The mid-year budget update forecasts a $21.3-billion deficit, with the debt expected to reach $97.4 billion by the end of the fiscal year. The interest costs on the debt are expected to be $2.4 billion this year, which is more than $500 per Albertan.
The Alberta government has the highest per-person spending in Canada, according to the Blue Ribbon Panel on Alberta’s finances. The panel also found that Alberta would spend $10.4 billion less every year if its per-person spending was in line with British Columbia, Ontario and Quebec.
While overall non-COVID-19 operating spending is lower than budget projections, departments such as Advanced Education, Agriculture and Forestry, Environment and Parks, Service Alberta and Transportation are all projecting higher operating spending than what was included in the 2020 budget.
“We shouldn’t see multiple non-health-care departments increasing their spending. Many families and businesses have been cutting back on nice-to-haves, and the government needs to do the same,” said Terrazzano. “Toews has to do a better job saving money and reducing spending because struggling Albertans can’t afford higher taxes.”
As you may know, we're working hard to stop Prime Minister Trudeau's attempt to add a 2nd carbon tax upon Canadian taxpayers. If you are against this tax, would you take a moment today to read and consider signing the petition below?
When you do, your name will be added to the growing list of tens of thousands across our country who want to tell the government that we are opposed to these new taxes. Please take a moment to read the petition below and consider signing it today.
To Prime Minister Justin Trudeau:
The federal government is introducing new fuel standard regulations to require industry to reduce the carbon content of fossil fuels. If industry can’t meet the standard, they’ll have to pay Trudeau's second carbon tax. This tax will ultimately hit already struggling families and businesses.
It’s bad enough that taxpayers are already paying for one carbon tax. Canadians certainly can’t afford a second carbon tax.
We, the undersigned, call on Prime Minister Justin Trudeau to scrap plans for a second carbon tax.