Everything you need to know about COVID-19 in Alberta on Monday, March 1
The province will begin moving on to Step 2 of its plan to lift restrictions. It will allow limited use of libraries and gyms, but it will hold off on easing restrictions further on retail businesses, hotels, banquet halls and children s sports.
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CBC News ·
Posted: Mar 01, 2021 8:49 AM MT | Last Updated: March 2
Low-intensity individual and group fitness activities, such as Pilates, tai-chi and some yoga, are now permitted at gyms as the province cautiously moved toward Stage 2 of reopening on Monday.(Shutterstock)
Opinion: UCP budget will get good ship Alberta through the storms edmontonjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edmontonjournal.com Daily Mail and Mail on Sunday newspapers.
Despite growing up on the prairies, some of us tend to use nautical metaphors when describing our economic and policy challenges. To indulge once again in…
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CALGARY For generations, all the way back to Peter Lougheed in the 1970s, Alberta has attempted to diversify its economy. But the fortunes of the oil and gas-producing province continue to rise and fall with energy prices.
Alberta Finance Minister Travis Toews will unveil the province’s budget for the next year on Thursday, once again depend heavily on rising energy prices.
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Try refreshing your browser, or Time for a sales tax? As Alberta deficit grows, so do calls to diversify oil-dependent economy Back to video
Now there are growing calls for new taxes to broaden the government’s revenue stream and address a sizable deficit racked up by pandemic health-care spending and other challenges in the economically stagnant province.
Deficit and debt
Thursday’s budget forecasts Alberta’s taxpayer-supported debt will reach $115 billion in 2021-22, up from a projected $98.3 billion in 2020-21.
Net provincial taxpayer supported debt is forecast to climb even higher in 2022-23 to $128.1 billion and $132.5 billion in 2023-24. The province’s net taxpayer supported debt in 2019-2020 was $74.1 billion. Alberta is projected to pay $2.76 billion in debt servicing costs in 2021-22, rising to $3.08 billion in 2022-23 and $3.33 billion in 2023-24.
The province is forecasting a $20.2-billion deficit for 2020-21, which is projected to shrink to $18.2 billion for 2021-22, $11 billion in 2022-23 and $8 billion by 2023-24.
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