Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>
Alberta’s 2025 budget tabled on Feb. 27 projects a $5.2 billion deficit, while doubling the province’s contingency funds amid tariff threats and accounting for $1.2 billion in personal income tax cuts.
Alberta Finance Minister Nate Horner called the province’s 2025-2026 budget one of “tough but measured choices.” He said the budget aims to address the needs of Alberta’s growing population while preparing for the potential economic impact of U.S. tariffs on Canada as well as the risks of revenue volatility.
Earlier in the day, U.S. President Donald Trump said the threatened tariffs—25 percent on all Canadian and Mexican goods and 10 percent on Canada’s energy exports—will take effect on March 4, arguing the Canada and Mexico haven’t done enough to address drug smuggling.
“We made the difficult decision to run deficits so that we can direct and target our spending to the top priorities of Albertans,” said Horner at a Feb. 27 news conference prior to the budget release, adding that the province is “investing record amounts in health care, education, and infrastructure to meet the needs of our larger population.”
“We must do the right things to ensure…
