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Thursday, April 19, 2007

Alberta's Budget Looks Like Stelmach is Going "Full Steam Ahead"

It is Budget Day in Alberta. Indications are for record spending om operations and capital and proof the new Stelmach government is going to be big on planning. Albertans are going to be paying a premium for public infrastructure projects given the overheated economy, lack of labour and shortages of materials but the overwhelming needs that are being caused by rapid growth.

Some economists are calling for restraint and delay in such projects. We shall see what Finance Minister Oberg has in mind in how to proceed in a few hours.

I will be at the Legislature this afternoon to read the the documents and collect my thoughts. I will post my preliminary comments on the Budget tomorrow or late tonight.

This is Budget will undoubtedly be a dramatic change of course for the Alberta government and there will be lots to talk about I expect.