“Today’s Annual Report proves in no uncertain terms that this government has no intention of being responsible stewards of taxpayer dollars,” said Interim Leader and Finance Critic Ric McIver. “For the first time in decades, Alberta is borrowing to fund day-to-day operations - $6.4 billion last year alone. With this rapid accumulation of debt and no repayment plan to speak of, it’s clear that the NDP are content to saddle our children and grandchildren with the task of cleaning up their financial mess.”
In its first full fiscal year since taking office, the NDP has squandered the $1.1 billion surplus they inherited from the previous government, almost completely drained the $6.5 billion Contingency Account and set Alberta on a path of deficits, debt and unsustainable spending increases.
“We know this government does not control the global price of oil, but their response to these realities has put Alberta in a terrible fiscal position,” said McIver. “Once again, we are calling on Premier Notley to take The $4 Billion Challenge. Through our ENGAGE initiative, we have provided several examples that could save taxpayers billions without impacting front line programs and services. At the very least, she owes it to Albertans to try.”