“This budget is the continuation of the biggest wealth transfer in Alberta history,” said Progressive Conservative Interim Leader and MLA for Calgary-Hays, Ric McIver. “The programs, services and public infrastructure we enjoy today all come at the expense of our children and grandchildren, whose ability to fund their own public priorities will be severely compromised as a result of this government’s reckless approach to fiscal policy.”
“To say I’m disappointed with today’s budget would be an understatement,” said McIver. “Despite warnings from economists, credit ratings agencies, finance experts, opposition members and everyday Albertans, the NDP has chosen to double down on their reckless approach to fiscal policy. What little savings they have found was spent immediately, leaving us with little hope that any effort will be made to return to balance in our lifetime.”
Earlier this week, the Progressive Conservatives introduced a realistic plan to avoid racking up another $10.3 billion in debt that brings Alberta back to balance by 2019-20 and restores our debt-free status by 2030, all without laying off a single front line worker. Instead, the NDP has opted to drive the provincial debt up to a staggering $71 billion by 2019-20, while offering absolutely no plan to pay it back.
“This government has repeatedly said that it is protecting Albertans from the impacts of low oil prices and a struggling economy,” said McIver. “In reality, they are deliberately choosing to pass those impacts along to future generations of Albertans instead. Failing to pay down this debt as they go is one of the most selfish, short-sighted acts I have seen from any government.”