“After two short years in office, this government has created a fiscal mess the likes of which we have never seen in our province,” said Interim Leader and Finance Critic Ric McIver. “Today’s Speech from the Throne revealed NDP plans to bribe Albertans with their own money by mitigating the impacts of bad policy decisions with taxpayer dollars. Even worse is the fact that the government relies on borrowed money to fund these subsidies, ensuring that future generations of Albertans will also pay for their reckless and irresponsible spending.”
Since taking office in 2015, the NDP have squandered a $1.1 billion surplus, a triple-A credit rating and a 3.2 per cent debt-to-GDP ratio. Now, we are preparing for the second consecutive $10 billion budget deficit, multiple credit downgrades and a debt-to-GDP ratio of 10 per cent and climbing. What’s more, Finance Minister Joe Ceci has offered no credible plan to pay this debt off, leaving Alberta vulnerable to further credit downgrades and mounting interest payments.
“As this government has said time and again, it is not responsible for the price of oil, and they are certainly not responsible for the modest recovery that we are beginning to see across Alberta,” said McIver. “Premier Notley and her colleagues would do well to remember that it was their policies that made life more expensive for Alberta families in the first place and Albertans will not be fooled by a government that uses tax dollars to buy their support.”