HILL: Smith government must reduce spending to avoid deficits
According to Premier Danielle Smith, the Alberta government is creating a new committee — composed of the premier, Finance Minister Nate Horner, Technology and Innovation Minister Nate Glubish, three treasury board members, and three private members — to review government spending in the province. Smith says the committee will find savings so her government can deliver on the promised personal income tax cut. But in fact, the need for a thorough program review is much broader than that.
A bit of background.
During the election campaign, Smith promised to create a new 8% tax bracket for personal income below $60,000, which is expected to cost provincial coffers $1.4 billion annually. While the Smith government’s 2024 budget delayed this tax cut, the premier recently said a “substantial” cut is coming soon.
According to Smith, the committee will review “every single program in every........
© Edmonton Sun
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