101.7 FM
88.1HD2
8.85 c101.7 FM
88.1HD2
U.S. tariffs, possible tax cuts expected to dominate Alberta budget
BY The Canadian Press, Feb 27, 2025 2:01 PM - REPORT AN ERROR
He says the United Conservative Party government is planning for a set of scenarios assuming tariffs in some way are coming soon from U.S. President Donald Trump.
The looming threat of U.S. tariffs along with a potential tax cut are expected to dominate Alberta's budget today. Finance Minister Nate Horner says addressing affordability is a prime concern, but the uncertainty surrounding tariffs makes the budget more challenging.
By legislation, the province can't run a budget deficit unless revenue drops by $1 billion or more _ something Horner warns could happen in the case of tariffs.
He says the United Conservative Party government is planning for a set of scenarios assuming tariffs in some way are coming soon from U.S. President Donald Trump.
Economist Charles St-Arnaud says Alberta will need to be prudent in case it needs to stimulate the economy. Opposition NDP finance critic Court Ellingson says his party wants to see the government address affordability and support public services but is expecting spending cuts.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
