National Post (National Edition)
Alberta banks on expanded Trans Mountain
energy future and she plans to introduce legislation in the coming weeks to give her the power to curtail oil shipments to B.C. in retaliation.
She has said that pipeline bottlenecks and limited access to overseas markets are forcing Alberta’s crude to sell at a discount, costing thousands of jobs and leaving billions of dollars of profit on the table.
Ceci made the pre-budget announcement at a downtown tech startup company that creates virtual simulations for proposed homes and work sites.
Finance ministers traditionally get new shoes prior to budget day. This year, Ceci stood next to a screen displaying a computer-generated avatar of himself in loafers that toggled from shimmering electric green to dark purple to traditional black and grey.
He said the budget will continue with key themes of past NDP budgets, but will include a detailed plan to balance the books.
“The budget is going to be balanced in 2023,” said Ceci. “We are focused on constraining expenditures (and) costs down the road, eliminating ... waste where we find it, and diversifying our economy.”
The government won’t make deep cuts to balance the budget earlier, he said. This year’s deficit is pegged at $9.1 billion.
Notley took over in 2015 as oil prices, the wellspring of Alberta’s economy, were falling by half from previous highs of more than US$100 a barrel. Oil prices have inched up since then, but Notley’s government has avoided deep cuts to programs and services, saying that would worsen the economic situation.
This is expected to be the last full budget cycle before a spring 2019 general election.