Alberta’s Finance Minister spent the last few days meeting with the bond rating agencies who recently downgraded the province’s credit rating.
But Joe Ceci says based on what he said to them, they were “not willing to alter their approach.”
“It was, as I said, a respectful disagreement in a room with people who had one perspective,” explained Ceci. “And I was able — my team was able to share an alternative perspective that we know from our work in Alberta.”
Ceci says he focused on what the Alberta government is doing to protect jobs, ensure the economy is diversified and gets stronger, and the operational spending controls that have been achieved.
He added there will be no provincial sales tax, which the credit rating agencies would like to see implemented as one way to help restore Alberta’s credit rating to triple-A.
“Albertans have not been supportive of a PST, a sales tax. They are proud of the fact that we haven’t had one and that we’ve taken other approaches — fiscal approaches — to address our financial needs.” (td/Photo: @)