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the winnipeg sandbox » winnipeg sandbox.. » national... » alberta to run a deficit

alberta to run a deficit

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1alberta to run a deficit Empty alberta to run a deficit Thu Feb 19, 2009 4:04 pm

Deank

Deank
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2alberta to run a deficit Empty Re: alberta to run a deficit Thu Feb 19, 2009 4:18 pm

grumpy old man

grumpy old man
administrator
administrator

I did not think that was possible. I assumed they had a several billion dollar rainy day fund. That deficit will be nuked very quickly when oil prices go back up.

3alberta to run a deficit Empty Re: alberta to run a deficit Thu Feb 19, 2009 4:20 pm

Deank

Deank
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contributor eminence

I think that is IF they dont tap into the rainy day fund... cant possibly be anything else.. can it?

4alberta to run a deficit Empty Re: alberta to run a deficit Thu Feb 19, 2009 4:27 pm

FlyingRat

FlyingRat
moderator
moderator

I thought they paid out the rainy day fund to the taxpayers with King Ralph Cash.

5alberta to run a deficit Empty Re: alberta to run a deficit Thu Feb 19, 2009 4:28 pm

Deank

Deank
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contributor eminence

Alberta Finance Minister Iris Evans said the province's Heritage Savings Trust Fund, a rainy-day savings hit, has been hit particularly hard by the current global financial turmoil. There are estimates its value has dropped by $3-billion from $17-billion.

6alberta to run a deficit Empty Re: alberta to run a deficit Fri Feb 20, 2009 12:57 am

rosencrentz

rosencrentz
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So they have gone from an $11 billion dollar surplus to a $1 billion dollar loss!
Amazing change! I wonder what programms they were managing to spend all that oil money on?
Loss of 15,000 jobs. Let us hope oil goes back to $147.

http://www.elansofas.com

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