Alberta Tories retreat from balanced budget promise

Written By Unknown on Kamis, 11 Oktober 2012 | 22.39

The Redford government is backing away from the promise to balance next year's budget.

Premier Alison Redford promised this year she would balance the provincial budget for the 2013-14 fiscal year, but her associate finance minister now says it might not happen.

"We haven't decided one way or the other," said Kyle Fawcett. "There's going to be some decisions we make throughout the process and that will lead up to the budget in the new year.

"What we are committing to is balancing the operating budget."

The operating budget does not include billions of dollars for infrastructure such as roads, bridges and schools.

That's not what the government promised Albertans, said Wildrose MLA Rob Anderson.

"That's like saying my budget is balanced because I paid all my bills except my mortgage and car payments so those are extra but i'm balanced the rest of it," he said.

"I'm shocked to hear what the associate minister is saying because it does sound like their commitment now is only to balance the operating budget which of course is balanced now and has been for years.

"Obviously they intend on breaking this promise."

The Tories run the risk of draining the sustainability fund and putting the province back into debt, said Anderson.

Earlier this year the government forecasted a balanced budget with surpluses of nearly $1 billion in 2013-14 and $5.2 billion in 2014-15.

But now the province is finding commodity prices aren't as high as were expected and land sales are not near the record levels they reached last year.


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