By Canadian Press

Some highlights from the first budget of Alberta’s United Conservatives

Oct 24, 2019 | 7:25 PM

EDMONTON — Alberta’s United Conservative government tabled its budget Thursday. Here are some of the highlights:

— $8.7-billion deficit on revenues of $50 billion.

— Debt projected to rise from the current $63 billion to $72 billion by the spring, on track to reach $93 billion by 2023.

— Three more years of deficits with projected surplus of $584 million in 2023.

— The public sector to be reduced by almost eight per cent over four years, mainly through attrition.

Meaningful Mementos

Remembering Someone You've Lost at Christmas

Dec 03, 2024

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

— No budgeted pay increases for public sector workers.

— Program spending to drop 2.8 per cent over four years to $47 billion by 2023.

— Health funding maintained as $20.6 billion.

— Education funding maintained at $8.2 billion.

— Corporate income tax revenue to fall by $700 million to $4.2 billion in 2019-20.

— Operational spending to be reduced by 0.5 per cent this year and eventually by 2.8 per cent to $47.1 billion by 2023.

— A one-time payment of $1.5 billion to end the crude-by-rail shipment plan announced earlier this year by the former NDP government.

— $1.8 billion in new capital funding for schools and new modular classrooms.

This report by The Canadian Press was first published Oct. 24, 2019.

The Canadian Press