Eighteen days ago, Alberta became a have-not province.
Eighteen days ago, Premier Alison Redford appeared on Albertans television screens to warn them of the notorious “bitumen bubble” that has been keeping the price of our oil down.
Today, after eighteen days of political spin about deep budget cuts and tough economic times, it would be easy to believe that the federal transfer payments are on their way (finally, equalization will work for us!).
Of course, Alberta is not a have-not province.
Alberta’s economy remains competitive, our population is growing, and job growth is on the rise. Alberta is Canada’s economic engine.
Most of the talk is part of the government’s attempt to manage the expectations of Albertans before the provincial budget is tabled on March 7. From the opposition benches, there are always political points to be gained before a government budget is tabled.
As has been the case each year since the Alberta government began to run “technical deficits,” the earlier projected deficits will likely be much lower when the budget is tabled. As any accountant or political strategist knows, bookkeeping is closer to an art-form than an exact science.
On budget day, a lower than predicted deficit will result in the government looking like better fiscal managers than the opposition has claimed and the opposition researchers will be caught scrambling through the volumes of budget documents to fill their message box.
With this year’s budget ready to be sent to the printers, the first Alberta Economic Summit was held this past Saturday in Calgary.
Initially derided by the opposition parties as a government-sponsored public relations exercise, the day-long event brought together panels of experts from the private, public, and not-for-profit sector to discuss our province’s fiscal future.
Whether it was a PR exercise or not, it did present an opportunity for a continued discussion about the need to raise taxes in Alberta. Our government relies heavily on the sometimes unpredictable revenues from our natural resources to fill the gap created by our low taxes to fund our essential public services.
Onward and eastward, says Alward.
Last week, David Alward, the Premier of a real have-not province, swept into our province boasting the advantage of an eastward oil pipeline to New Brunswick’s deep-water ports as a solution to Alberta’s fiscal woes.
With almost no details or research about whether it would be financially viable, both Premier Redford and Premier Alward touted the Alberta-to-New Brunswick pipeline as progress.
Considering how many problems, both political and geographical, the province has faced with the proposed Enbridge Northern Gateway Pipeline from Alberta to British Columbia (two provinces), I can only imagine the level of political challenges that could be stirred up by an oilsands pipeline running through six provinces.