Write For Us

Alberta government unveils 2021 provincial budget | FULL

Sponsored Post Vitamin D2 Canada Persia
90 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Alberta's first pandemic budget forecasts a very hard landing — an $18-billion deficit.

That figure is on top of a double-digit deficit expected when the current fiscal year ends on March 31.

Finance Minister Travis Toews says oil prices, more COVID-19 vaccinations and other indicators suggest the economy will begin to rebound by the latter half of this year.

He says the economy should be back to pre-pandemic levels by 2022, a year earlier than expected.

In the meantime, he says, the government will focus on keeping Alberta going through the pandemic, by directing $1 billion to COVID-19 funding with almost $2 billion more in reserve if needed.

The 2021-22 budget has no new taxes or tax increases, but the overall debt, which was about $5 billion a decade ago is expected to reach $116 billion a year from now and $132 billion by 2024.

For more info, please go to https://globalnews.ca/news/7655525/alberta-budget-2021-watch-live/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#Alberta #Economy #Budget
Category
U.S. & Canada
Tags
alberta, edmonton, calgary
Sign in or sign up to post comments.
Be the first to comment