Gateway Gazette

NDP Rubber Stamp $14 Billion in New Borrowing: Wildrose

Wildrose News Release bannerEDMONTON, AB (June 13, 2016): After scrapping its self-imposed debt ceiling law, the NDP government has rubber stamped $14 billion in new borrowing, the Wildrose Official Opposition said today.

The government approved two orders in council on June 10 that will allow it to borrow $14 billion to cover increases in new spending.

“Despite warnings from credit-rating agencies, and four major credit downgrades, the NDP’s fiscal plan is putting the future economic health of our province and core services at risk,” Wildrose Leader Brian Jean said. “At a time when the government should be looking to show restraint, they’re ramping up their reliance on debt and spending.”

Wildrose Shadow Finance Minister Derek Fildebrandt proposed a series of amendments to reinstate a legislated debt ceiling and provide accountability measures for Ministers who miss their targets during the spring legislative session.

“The NDP borrowing stampede shows no signs of slowing down,” Fildebrandt said. “This borrowing will mean higher taxes for families at a time when they can least afford it. Only concrete action to get spending under control can get our books back on a path to balance.”

NDP borrowing

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1 Comment

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  • steve bekk , June 16, 2016 @ 6:50 am

    Well, well, well.
    Those who voted for NDP in Alberta will find something to justify their political choice by saying something like, “They (NDP) are cleaning up the previous governments mess”, or some misguided statement to make themselves feel better.

    We have such a mess on our hands here in AB, most of the folks who voted will still be oblivious to that as they just “wanted change” from the PC’s and didn’t want the maligned Wildrose in power, so instead, we now have this s**t storm.

    Thank you to all who voted NDP, be very happy with your choice.

    All I can say is 3 years more of this…

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