Alberta premier says coronavirus outbreak may affect balanced budget plan

Premier Jason Kenney says the novel coronavirus outbreak is hammering Alberta’s economy and may force his government to abandon its core election promise to balance the books by 2023.

Kenney says its appears the virus is setting off a global economic downturn, which could affect prices for the oil that underpins Alberta’s economy.

He says if the virus affects the economy long term, his United Conservatives may not be able to meets their promise to end multibillion-dollar budget deficits by the 2022-23 budget.

Kenney says his government intends to keep spending flat in health and education while reducing operational spending by less than three per cent.

Source: Read Full Article