Household and business spending prop up GDP
Incentive no longer necessary, Sorbara says
2006 growth forecast raised to 3.4%
In its annual report on the Province of Alberta, Moody’s Investors Service says the province’s “Aaa” rating and stable outlook reflect the success achieved under the province’s debt-reduction program and continuing prudent fiscal management, especially in budgeting for volatile oil and gas revenues. “Given Alberta’s history of strong fiscal management and substantial financial flexibility, Moody’s […]
Province’s debt burden remains manageable
But association is pleased there are no new taxes in provincial budget
$500 deduction for 3 million tax payers
Alberta’s Finance department says that the final step in government’s commitment to eliminate the debt will be taken through new legislation that requires the $3.5 billion set aside in the Debt Retirement Account only be used for debt repayments.“Premier Klein pledged Alberta’s $23 billion debt would be eliminated, and he has kept that promise,” Finance […]
In its first budget as a debt-free province, Alberta boosted its spending, but left taxes virtually unchanged.There were major increases for education, health and policing, more money for people with severe disabilities, and a predicted surplus of $1.5 billion. Calling it an investment budget, Alberta Finance Minister Shirley McClellan said the province is heading into […]
Ratings agency cites reduced debt burden