The Alberta government expressed concern about the level of spending in the federal budget tabled Tuesday, which anticipates $43 billion in net new spending over six years, even as federal debt has hit an eyewatering $1.18 trillion.
President of the Alberta Treasury Board and Minister of Finance Travis Toews said the province was analyzing the federal budget closely to determine its impact on Alberta.
“We are concerned by the level of spending and lack of fiscal responsibility exhibited in this budget and its contribution to the country’s already worrisome debt levels,” said a statement issued by Alberta on March 28.
Toews said the newly-tabled budget will “encumber” Canadians and Albertans “with a doubling of debt servicing costs over the course of the fiscal plan.”…