• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Winners and losers in Alberta’s 2017 budget

March 16, 20172:25 PM The Canadian Press0 Comments

EDMONTON – The Alberta government released its budget Thursday. Here are some of the winners and losers:

Winners

Grade School Studentsand their parents — The budget will increase funding to match enrolment, build 10 new schools and upgrade or replace another 16. Schools fees paid by parents are also being cut by $54 million.

Post-Secondary Students — The government will extend a tuition freeze for a third year. There is also a two per cent hike to operating grants for institutions.

Patients and Seniors — There’s money in the budget to build a new hospital in Edmonton, a continuing care centre in Calgary and build or upgrade care facilities provincewide.

The eco–conscious — Over the next three years, the province will reinvest $5.4 billion from the carbon tax into everything from free energy efficient light bulbs to rapid-transit projects.

Smokers and drinkers — The budget doesn’t contain any new hikes to cigarettes or liquor.

Losers

Corporations — Corporate profits were hit hard in 2015 and 2016 and the budget forecasts it will take another five years to recover.

Future Taxpayers — Even if oil prices rebound as expected, Alberta’s debt will be $71 billion by decade’s end with interest payments over $2 billion a year.

Current taxpayers — The budget contains no new tax cuts.

Natural gas prices — Prices are expected to remain weak due mainly to increasing production of US shale gas.

Fiscal hawks — The $10.3-billion deficit budget doesn’t heed the call of critics who wanted the NDP to rein in spending.

Carbon Tax

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.