Globe and Mail: Alberta discards timeline for balanced budget

"Alberta’s Finance Minister says he has no idea when the province’s budget will be balanced, months after promising the deficit would be eliminated before the end of the decade... Mr. Ceci has said his 2016-17 budget, set for April 14, will include a shortfall of $10.4-billion, Alberta’s largest since the early 1990s."

Alberta’s Finance Minister says he has no idea when the province’s budget will be balanced, months after promising the deficit would be eliminated before the end of the decade.

The governing New Democrats will post deficits for an indeterminate period as revenues languish because of the crash in oil prices and as the public need for services grows, Joe Ceci said in an interview with The Globe and Mail.

There is no longer a hard-and-fast target date for balance, he said.

“It’s just wishful thinking if you think you can identify that date. I think if I were to put a pin in a timeline and say this is when we’re going to return to balance that it would mean some drastic cuts across the board in this province.”

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