'Our reality': Finance minister wants review of Alberta's volatile revenue structure ableg abpoli
With a population of 4.4 million, the province is on track to take in $70.7 billion in revenue and spend almost $67 billion. Another $1.5 billion is being set aside for unforeseen spending emergencies.
The panel concluded that to achieve a balanced budget by 2022-23, the provincial budget should have no increases in government spending for four years and a reduction in operating costs by at least $600 million, as well as cuts in capital spending.Article content Toews said he personally wants to see Alberta taxes remain low, but it would be his desire that nothing be off the table when a revenue committee begins its work.
He said he will be making an announcement in the “upcoming days” on whether he will seek re-election. The next provincial election is scheduled for May.
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