United Conservative Party

By The Canadian Press

Budget 2020

Alberta Budget 2020 Preview

Feb 26, 2020 | 3:34 PM

EDMONTON – Alberta brings in its new budget tomorrow that is facing the squeeze of a sluggish economy, multibillion-dollar deficits and escalating conflicts with public sector workers.

Finance Minister Travis Toews says a lot of heavy lifting remains to be done, but the government is on track to balance the books by 2023.

Toews says the focus is on creating jobs, something the Opposition N-D-P says has so far been a total failure.

Premier Jason Kenney’s government was elected on a promise to reduce unemployment, but since last summer Alberta has lost 50-thousand full-time jobs.

On top of that, government efforts to get public spending under control have angered nurses, doctors, teachers and other public sector workers who face benefit changes, and in some cases, salary cuts.

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Economist Trevor Tombe says benchmark oil prices are hovering at 50-dollars U-S a barrel, which is far less than what the government budgeted for.

The current budget projects a deficit of more than eight-billion dollars on 50-billion dollars in revenue, with debt projected to rise to 72-billion this spring.