3 ms·
I have looked at the budget update before. Taking your linked budget update the three highest expenditures being Health (which is not just wages) $20B, Educati
by thedmstdmstdmst 6y ago
I have looked at the budget update before.
Taking your linked budget update the three highest expenditures being Health (which is not just wages) $20B, Education $8B, and Advanced Education $5B amount to $33 Billion.
How much would you have to reduce public sector wages as a percentage (note not all those expenses are wages) to cover the $8 Billion pre-covid deficit. Now how much would you have to do to cover the $24 Billion deficit? The budget update mentioned there is only an additional $3 Billion in post-covid recovery spending but somehow an additional $21 Billion in deficit? Seems like the deficit is coming from revenue collapse.
There is no doubt they will have to increase taxation or reduce spending. My point is that there is perhaps there is no longer any 'Alberta Advantage' allowing for the special taxation status of the province.