Connect with us
[the_ad id="89560"]

Alberta

Alberta Budget 2021 Highlights

Published

5 minute read

Maintaining responsible spending

A careful approach to spending

Budget 2021’s responsible approach to spending will mean more investment in priority areas like health care, education and job creation.

Sound fiscal anchors

Budget 2021 is built on 3 fiscal anchors:

  • Keep net debt below 30% of GDP to help protect future generations from rising debt servicing costs.
  • Deliver services more cost effectively by bringing spending in line with other comparator provinces.
  • Re-establish a plan to balance the budget post-pandemic when a more stable level of predictability returns to the budgeting process.
    Getting back on track

    Operating expense

    • In 2021–22, operating expense is $1 billion higher than 2020–21 forecast and begins to normalize, remaining relatively flat over the next 2 years.

    Deficit

    • $18.2 billion deficit is targeted for 2021–22, $2 billion less than the 2020–21 forecast.
    • $11 billion and $8 billion deficits are targeted for 2022–23 and 2023–24 respectively.

    Declining deficit can be attributed to decreasing expense as:

    • the costs of the pandemic subside
    • the government works to streamline and modernize service delivery
    • revenue increases as the economy recovers
      Budget 2021 funding highlights

      Budget 2021 provides funding of:

      • $23 billion for health services
      • $8.2 billion operating expense for kindergarten to grade 12 (K to 12) education services
      • $6.3 to $6.4 billion operating expense for social services ministries
      • $136 million over 3 years for the Alberta Jobs Now program
      • $166 million over 3 years for the Innovation Employment Grant
      • $500 million in 2021–22 for additional investments in economic recovery

Investing in health care

Budget 2021 invests record funding in health care

Alberta’s government is increasing Health’s budget by over $900 million (or 4%) to $23 billion, and that’s excluding the impact of COVID-19.

  • $5.4 billion for physician compensation and development (including academic medicine)
  • $3.5 billion for community care, continuing care and home care programs, including $20 million over 4 years for palliative and end of life care
  • $1.9 billion for drugs and supplemental health benefits.
  • $34 million for children’s health supports to expand mental health and rehabilitation services for children and youth
  • $140 million over 4 years for mental health and addiction services
    Continuing the fight against COVID-19

    Budget 2021 invests in continued supports to protect Albertans as we enter the second year of the pandemic.

    • $1.25 billion COVID-19 Contingency to address health-care costs for responding to the pandemic, including surgical wait times and backlogs
    • This is in addition to $2.1 billion spend in 2020-21
      Getting health care back on track

      Budget 2021 invests $16 billion for Alberta Health Services operations. Includes:

      • Alberta Surgical Initiative
      • Continuing Care Capacity Plan
      • CT and MRI Access Initiative
        Investing in health care capital

        Budget 2021 commits $3.4 billion over 3 years for health related capital projects and programs, providing:

        • $2.2 billion for health facilities, with $143 million for 5 new projects
        • $766 million for Alberta Health Services self-financed capital, for parkades, equipment and other capital requirements
        • $343 million for capital maintenance and renewal of existing facilities
        • $90 million for health department IT projects

Preparing for recovery

Paving the way for jobs and investment

Alberta’s Recovery Plan is a bold strategy to create jobs that get people back to work, build infrastructure and diversify our economy. This includes the acceleration of the Job Creation Tax Cut, which creates employment opportunities by making Alberta one of the most attractive jurisdictions in North America for new business investment. Budget 2021 will spend an additional $3.1 billion in 2021–22 to continue supporting recovery plan strategies.

Building infrastructure to create 90,000 new jobs

Budget 2021 invests $1.7 billion more in capital funding in 2021–22 than what was planned in Budget 2020.

The 3-year Capital Plan now totals $20.7 billion and will support more than 50,000 direct and 40,000 indirect jobs through to 2024.

Diversifying the economy

In 2021–24, $1.5 billion invested in Alberta’s Recovery Plan.

Budget 2021 invests in established and emerging sectors that hold the greatest potential for growth and job creation, and are fundamental to our economic recovery including: energy; agriculture and forestry; tourism; finance and fintech; aviation, aerospace and logistics; and technology and innovation.

 

Economic recovery spending highlights

    • Innovation Employment Grant supports small and medium-sized businesses that invest in research and development
    • Developing framework to protect intellectual property in Alberta
    • Investment and Growth Strategy supports emerging sectors while building on our existing strengths
    • Invest Alberta provides supports and services to drive up investment and showcase Alberta as the best place in the world to do business

 

Alberta

Calls for a new pipeline to the coast are only getting louder

Published on

From Resource Works

Alberta wants a new oil pipeline to Prince Rupert in British Columbia.

Calls on the federal government to fast-track new pipelines in Canada have grown. But there’s some confusion that needs to be cleared up about what Ottawa’s intentions are for any new oil and gas pipelines.

Prime Minister Carney appeared to open the door for them when he said, on June 2, that he sees opportunity for Canada to build a new pipeline to ship more oil to foreign markets, if it’s tied to billions of dollars in green investments to reduce the industry’s environmental footprint.

But then he confused that picture by declaring, on June 6, that new pipelines will be built only with “a consensus of all the provinces and the Indigenous people.” And he added: “If a province doesn’t want it, it’s impossible.”

And BC Premier David Eby made it clear on June 2 that BC doesn’t want a new oil pipeline, nor does it want Ottawa to cancel the related ban on oil tankers steaming through northwest BC waters. These also face opposition from some, but not all, First Nations in BC.

Eby’s energy minister, Adrian Dix, also gave thumbs-down to a new oil pipeline, but did say BC supports expanding the capacity of the existing Trans Mountain TMX oil pipeline, and the dredging of Burrard Inlet to allow bigger oil tankers to load Alberta oil from TMX at the port of Vancouver.

While the feds sort out what their position is on fast-tracking new pipelines, Alberta Premier Danielle Smith leaped on Carney’s talk of a new oil pipeline if it’s tied to lowering the carbon impact of the Alberta oilsands and their oil.

She saw “a grand bargain,” with, in her eyes, a new oil pipeline from Alberta to Prince Rupert, BC, producing $20 billion a year in revenue, some of which could then be used to develop and install carbon-capture mechanisms for the oil.

She noted that the Pathways Alliance, six of Canada’s largest oilsands producers, proposed in 2021 a carbon-capture network and pipeline that would transport captured CO₂ from some 20 oilsands facilities, by a new 400-km pipeline, to a hub in the Cold Lake area of Alberta for permanent underground storage.

Preliminary estimates of the cost of that project run up to $20 billion.

The calls for a new oil pipeline from Bruderheim, AB, to Prince Rupert recall the old Northern Gateway pipeline project that was proposed to run from Alberta to Kitimat, BC.

That was first proposed by Enbridge in 2008, and there were estimates that it would mean billions in government revenues and thousands of jobs.

In 2014, Conservative prime minister Stephen Harper approved Northern Gateway. But in 2015, the Federal Court of Appeal overruled the Harper government, ruling that it had “breached the honour of the Crown by failing to consult” with eight affected First Nations.

Then the Liberal government of Prime Minister Justin Trudeau, who succeeded Harper in 2015, effectively killed the project by instituting a ban on oil tanker traffic on BC’s north coast shortly after taking office.

Now Danielle Smith is working to present Carney with a proponent and route for a potential new crude pipeline from Alberta to Prince Rupert.

She said her government is in talks with Canada’s major pipeline companies in the hope that a private-sector proponent will take the lead on a pipeline to move a million barrels a day of crude to the BC coast.

She said she hopes Carney, who won a minority government in April, will make good on his pledge to speed permitting times for major infrastructure projects. Companies will not commit to building a pipeline, Smith said, without confidence in the federal government’s intent to bring about regulatory reform.

Smith also underlined her support for suggested new pipelines north to Grays Bay in Nunavut, east to Churchill, Manitoba, and potentially a new version of Energy East, a proposed, but shelved, oil pipeline to move oil from Alberta and Saskatchewan to refineries and a marine terminal in the Maritimes.

The Energy East oil pipeline was proposed in 2013 by TC Energy, to move Western Canadian crude to an export terminal at St. John, NB, and to refineries in eastern Canada. It was mothballed in 2017 over regulatory hurdles and political opposition in Quebec.

A separate proposal known as GNL Quebec to build a liquefied natural gas pipeline and export terminal in the Saguenay region was rejected by both federal and provincial authorities on environmental grounds. It would have diverted 19.4 per cent of Canadian gas exports to Europe, instead of going to the US.

Now Quebec’s environment minister Benoit Charette says his government would be prepared to take another look at both projects.

The Grays Bay idea is to include an oil pipeline in a corridor that would run from northern BC to Grays Bay in Nunavut. Prime Minister Carney has suggested there could be opportunities for such a pipeline that would carry “decarbonized” oil to new markets.

There have also been several proposals that Canada should build an oil pipeline, and/or a natural gas pipeline, to the port of Churchill. One is from a group of seven senior oil and gas executives who in 2017 suggested the Western Energy Corridor to Churchill.

Now a group of First Nations has proposed a terminal at Port Nelson, on Hudson Bay near Churchill, to ship LNG to Europe and potash to Brazil. And the Manitoba government is looking at the idea.

“There is absolutely a business case for sending our LNG directly to European markets rather than sending our natural gas down to the Gulf Coast and having them liquefy it and ship it over,” says Robyn Lore of project backer NeeStaNan. “It’s in Canada’s interest to do this.”

And, he adds: “The port and corridor will be 100 per cent Indigenous owned.”

Manitoba Premier Wab Kinew has suggested that the potential trade corridor to Hudson Bay could handle oil, LNG, hydrogen, and potash slurry. (One obvious drawback, though, winter ice limits the Hudson Bay shipping season to four months of the year, July to October.)

All this talk of new pipelines comes as Canada begins to look for new markets to reduce reliance on the US, following tariff measures from President Donald Trump.

Alberta Premier Smith says: “I think the world has changed dramatically since Donald Trump got elected in November. I think that’s changed the national conversation.”

And she says that if Carney wants a true nation-building project to fast-track, she can’t think of a better one than a new West Coast oil pipeline.

“I can’t imagine that there will be another project on the national list that will generate as much revenue, as much GDP, as many high paying jobs as a bitumen pipeline to the coast.”

Now we need to know what Mark Carney’s stance on pipelines really is: Is it fast-tracking them to reduce our reliance on the US? Or is it insisting that, for a pipeline, “If a province doesn’t want it, it’s impossible.”

Continue Reading

Alberta

Central Alberta MP resigns to give Conservative leader Pierre Poilievre a chance to regain a seat in Parliament

Published on

From LifeSiteNews

By Anthony Murdoch

Conservative MP Damien Kurek stepped aside in the Battle River-Crowfoot riding to allow Pierre Poilievre to enter a by-election in his native Alberta.

Conservative MP Damien Kurek officially resigned as an MP in the Alberta federal riding of Battle River-Crowfoot in a move that will allow Conservative Party of Canada leader Pierre Poilievre to run in a by-election in that riding to reclaim his seat in Parliament.

June 17 was Kurek’s last day as an MP after he notified the House Speaker of his resignation.

“I will continue to work with our incredible local team to do everything I can to remain the strong voice for you as I support Pierre in this process and then run again here in Battle River-Crowfoot in the next general election,” he said in a statement to media.

“Pierre Poilievre is a man of principle, character, and is the hardest working MP I have ever met,” he added. “His energy, passion, and drive will have a huge benefit in East Central Alberta.”

Kurek won his riding in the April 28 election, defeating the Liberals by 46,020 votes with 81.8 percent of the votes, a huge number.

Poilievre had lost his Ottawa seat to his Liberal rival, a seat that he held for decades, that many saw as putting his role as leader of the party in jeopardy. He stayed on as leader of the Conservative Party.

Poilievre is originally from Calgary, Alberta, so should he win the by-election, it would be a homecoming of sorts.

It is now up to Prime Minister of Canada Mark Carney to call a by-election in the riding.

Despite Kurek’s old seat being considered a “safe” seat, a group called the “Longest Ballot Committee” is looking to run hundreds of protest candidates against Poilievre in the by-election in the Alberta Battle River–Crowfoot riding, just like they did in his former Ottawa-area Carleton riding in April’s election.

Continue Reading

Trending

X