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Alberta Budget 2018: “A Recovery Built to Last”

Calgary, AB, Canada / RTBN
Alberta Budget 2018: "A Recovery Built to Last"

Alberta’s Finance Minister Joe Ceci released details of the Alberta 2018 Budget Thursday, and it focused on many aspects of Alberta living.

The slogan for this fiscal year is called “a recovery built to last.”

The budget focuses on the province’s economic recovery after a tough recession, and aims at sustaining an economy that is less vulnerable to oil price shocks.

The budget is built on three pillars: diversifying the economy, protecting vital public services, and returning to balance.

The government is projecting the province’s economy to grow by 2.7 percent this year, and with their plan for 2018, they expect the deficit to fall from $8.8 billion, to $7.9 billion in the 2019 fiscal year.

Employment growth is expected to increase by two percent this year, and unemployment to fall to 6.8 percent, an encouraging figure in the midst of recent oil field layoffs.

The NDP will also create an additional 4,500 affordable child-care spaces through the Early Learning and Child Care-Centre Program.

When asked about Olympics spending, the NDP avoided the topic, only stating that the event was not included in the budget.

With Alberta’s economy in the an uncertain state, one thing’s for sure, job creation is the main focus.

 

 

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