EDMONTON, AB: A new Fraser Institute Report confirms that fiscal mismanagement by the former PC and current NDP government worsened an already difficult economic situation, the Wildrose Official Opposition said.
The report found that the staggering amounts of debt being taken on now would not at all be necessary had Alberta’s government not aggressively ramped up spending over the last decade.
The NDP government is currently on pace to run the largest deficit in provincial history, with the government set to increase spending by 13 per cent from now until the next election.
Excessive spending by the former PC government and the current NDP government has left Alberta incredibly vulnerable to the effect of a significant drop in the price of oil. It’s time to end the financial mismanagement and put in place policies that will help Alberta prosper, once again,” Wildrose Leader Brian Jean said. “Alberta needs to be able to compete again and be an example of strong government to the world. To get there, we need to do things like scrap the carbon tax, repeal bad legislation and make government more efficient.”
Wildrose Shadow Finance Minister Derek Fildebrandt said to have an Alberta where all have the opportunity to prosper, the government needs to take meaningful steps to get Alberta back to balanced budgets.
“Record deficits and debt will not bring Alberta back to prosperity,” Fildebrandt said. “Spending reductions and control is needed to get our financial house in order if we want to restore the Alberta Advantage and get the economy rolling again.”