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UPDATED: UCP’s August fiscal update hides severity of budget cuts

An earlier version of this article misrepresented data from the 2020–2021 fiscal update.

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6 months after the UCP’s new budget, and oil prices dropping again

And with lower demands driven by a still ongoing pandemic, we might not see oil prices rising significantly for some time.

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Personal income tax and federal transfers prevent UCP $100 billion debt from being higher

Personal income tax and transfer payments from Ottawa will be the largest sources of income for the UCP government this year. If it wasn’t for them, the provincial debt would be much higher.

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AB finance minister approves lending AB government $25 billion

The Alberta minister of finance was given the okay to lend the provincial government $25 billion, the largest approval during his term.

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Travis Toews lets himself lend $1.25B to oil refinery

Did you know that Keystone XL isn’t the only oil and gas project that the UCP government plans to spend over $1 billion on?