Alberta set to unveil 2018 budget, including five-year deficit reduction plan

Alberta set to unveil 2018 budget, including five-year deficit reduction plan | iNFOnews.ca
Alberta Finance Minister Joe Ceci speaks about the Government of Alberta's 2016-17 year-end financial results, in Edmonton on June 29, 2017. Opposition parties say Albertans should brace for a provincial budget with rosy revenue projections at the front end but more red ink at the back when the bills come due. Finance Minister Joe Ceci, who is to table the 2018 fiscal budget on Thursday, announced earlier this week that it will stick to the theme of avoiding deep cuts to front-line services while continuing to spend on operations and capital projects as Alberta works itself out of the oil-crash doldrums. THE CANADIAN PRESS/Jason Franson

EDMONTON – Alberta is to table its 2018 budget today, and Premier Rachel Notley’s government says it will reflect a commitment to continued spending and getting the books balanced.

The province has been running multibillion-dollar budget shortfalls in recent years as it grapples with reduced oil prices.

Finance Minister Joe Ceci says his budget will include a step-by-step plan to getback to balance by 2023.

Opposition leaders say they are skeptical.

They say the province needs to cut spending and use realistic forecasts on future oil revenues to make any progress on erasing deficits that will hit $9 billion this year.

This will be the last full budget cycle before the next general election, set for the spring of 2019.

Note to readers: Ceci pronounced SEE’-see

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