NOTE: Alberta Party Leader Stephen Mandel and Alberta Party MLA Greg Clark will be available to answer questions from the media regarding the third quarter fiscal update in the legislature rotunda at 2:30 pm.
February 28, 2018 (Edmonton) – With the release of the 2018 third quarter fiscal update, the Alberta Party Caucus is raising concerns that the NDP is more addicted to resource revenue than ever.
Greg Clark, MLA for Calgary-Elbow and Alberta Party Finance critic, said increased revenue projections are encouraging, but cautioned against being too optimistic.
“What we’re seeing here is that the government manage to reduce the deficit by collecting more revenue, especially resource revenue. While that is definitely a positive for our province, it’s concerning that once again this government has overshot their spending targets by over a billion dollars,” said Mr. Clark.
That overspending, according to Clark, means that the province continues to be dangerously reliant on resource revenue.
“If you look closer at the numbers, you see that revenue from personal and corporate income taxes are down by almost $400 million dollars. Crossing your fingers that oil and gas revenue continues to make up the shortfall is not a viable long-term plan for governing.”
“There is some very positive economic news in this update, and the start of recovery for our energy sector is good news for all Albertans. At the end of the day though, this deficit could have been a billion dollars lower if the government had just stuck to their budget.”
The Alberta Party Caucus is suggesting that the government do more to constrain spending growth so our finances aren’t so exposed to volatility in crude oil prices.
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Director of Communications
Alberta Party Caucus