Despite a budget deficit that is ballooning to almost $11 billion, Premier Rachel Notley says her government is going to stay the course.
On the other hand, she says nothing is set in stone, they’ll change course if they need to. But Notley says they’ll be “careful.”
“In our view we are not going to help the economy by firing tens of thousands of public servants, doctors, nurses, care aids, teachers’ aids, we’re not going to do that,” Notley said. “That’s not going to help build the economy.”
The government is running up these deficits to pay for capital and operating costs. The NDP says this is the best way to ease Alberta through dipping oil prices.
“You can’t lurch from funding everything, and then cutting everything year over year and expect our public services to work intelligently over the long term,” Notley told reporters.
The government is expected to rack up 58-billion dollars in debt by 2019 and plans to balance the budget by 2024. (kb)