EDMONTON – Alberta Premier Alison Redford says that while early numbers don’t look good, the budget will not be balanced on the backs of towns and cities.
Speaking to the Alberta Urban Municipalities Association in Edmonton, the premier said her government is committed to ongoing funding support for capital project initiatives.
Get daily National news
Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Last month, Finance Minister Doug Horner reported that falling oil revenues and a volatile global market may leave the province with a deficit as large as $3 billion this year.
- B.C. First Nations explore if nuclear power could meet province’s electricity needs
- Hoekstra says Trump serious about tariff threat over wildfire smoke
- Ontario PC MPPs who spent big on hotels face questions as minister resigns
- 2 Saskatchewan research farms to stay open as province enters MOU with Ottawa
The original projected deficit in the 2012-13 budget was $886 million.
Redford said given the fluidity of world markets, the province is not making budget decisions based on one bad quarter.
She has promised to balance the budget by 2014.
Comments
Want to discuss? Please read our Commenting Policy first.