The Canadian Press

2015-03-26 | ALTAbudget

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Alberta will run a record five-billion-dollar budget deficit this year and hike taxes and fees across the board. finance Minister Robin Campbell says the province has to stop pegging its day-to-day spending on the volatile price of oil. (The province will cover off the deficit with money saved up in its rainy day contingency fund. The recent collapse in oil prices has taken away billions of dollars from Alberta's bottom line.)

Date: 2015-03-26
Placeline: EDMONTON.
Source: The Canadian Press
Length: 11 seconds

Transcript Prediction: << we're going to spend less and less than oil for operating budget and we're doing that so that when times are good we can put more money into savings or build more infrastructure and times are bad we are going to have the discussion about whether or not we have to cut services >>


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