Alberta Finance Minister Joe Ceci is announcing a modest improvement in the Provincial deficit at Monday’s second-quarter update.
Last quarter, Ceci forecasted a deficit of $10.9 billion, and this update, announced a revision down to $10.8 billion.
With 25,000 jobs added, and projected improvements in economic stability, Ceci was asked whether the incoming carbon tax could threaten that progress.
“The carbon levy was something communicated in terms of where this government’s always been at.” said Ceci. “It’s in line with the movement of other governments across the world, and indeed our federal government. So it is an important, responsible action to take.”
Ceci said even with the carbon tax, Alberta still offers a $7.5 billion tax advantage over other jurisdictions.
Ceci also reiterated that the Province will continue to stay the course, and won’t be bring in any layoffs or service cuts. (ms)