Alberta Liberal Leader David Khan and MLA David Swann blast NDP year-end financial results

Alberta Liberal Leader David Khan and MLA David Swann issue release on the 2017-18 Alberta Government year-end financial results:

Khan stated, “Albertans continue to suffer through a jobless recovery while the NDP Government continues to ride the resource revenue roller coaster.

“Income tax revenue is $402 million short of the NDP’s own Budget projections. Albertans have to be working to pay income taxes. More Albertans are forced to be self-employed just to give themselves a pay cheque.”

Khan added, “Corporate tax income is $470 million lower than forecasted. Businesses are going bankrupt or moving away. NDP policies continue to drive investment away from this Province.

“The current $8 billion deficit has been reduced by a $1.9 billion increase in non-renewable resource revenue. Getting a lucky bounce in oil prices is not a financial plan.

“Albertans still have $8 billion reasons to be very unhappy with these financial results. The NDP are still riding the resource roller coaster. That ride will go off the rail if oil prices fall again.”

Swann stated, “Alberta Liberals would tackle this problem with pro-growth tax reform that would expand the economy and boost Government revenue to pay for social services. The NDP are mortgaging Albertans’ future and their children’s future with a current debt over $43 billion. The annual interest payments on that debt are $1.4 billion.

“Government spending is $400 million higher than last year and Albertans are not getting value for their money. Government spending isn’t going towards reducing class sizes. It’s not going towards boosting AISH payments. And the massive health budget isn’t reducing wait times.

“We don’t have to spend more. We have to spend more wisely. Albertans simply can’t afford this NDP Government.”


NDP breaks the bank for Christmas spending spree

Alberta Liberals are raising concerns about the NDP borrowing billions just before the holiday break.

In an Order in Council late yesterday afternoon, Cabinet removed the restriction on the use of foreign currency and authorized the Minister of Finance to borrow money up to $37 billion. The move comes just hours before the civil service goes on an extended holiday period.

“Did the NDP really think no one would notice the piggy bank was broken into and $37 billion was missing?” asks Alberta Liberal Leader David Khan, who says the decision puts the government’s cynicism on full display.

“This is extremely disrespectful to taxpayers,” says Khan. “I expect the government to tell us why billions of dollars in new debt is needed now, what it will be used for, and, most importantly, how it plans to pay it back so that Albertans aren’t saddled with this debt for Christmases to come.”

Alberta Liberal MLA David Swann agrees.

“I don’t believe it’s a coincidence that this information was released without any fanfare whatsoever just before the ultimate holiday long weekend,” says Swann. “Albertans should be concerned about how, and how much, the NDP is borrowing for a Christmas spending spree.

“There is certainly going to be some sticker shock when the bill comes due in the New Year.”