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Alberta Finance Minister Travis Toews. He said there’s "too much uncertainty out there" to issue a new timeline on when Alberta’s budget will be balanced again. Article content Just a few days after delivering last year’s budget, Alberta Finance Minister Travis Toews declared “it felt like Rome was burning” as he rolled out the new financial plan. Twelve months later, the blaze still isn’t out from an unprecedented pandemic and recession. Another budget is coming Thursday and more firefighting water — in the form of additional spending — will be needed, pushing Alberta’s debt levels higher. But with the second wave of the virus still unfolding and COVID-19 vaccination timelines highly uncertain, Toews indicates the UCP government will remain in spending mode. “It would be great if we were past the pandemic and if we were seeing significant private sector investment,” he said in an interview. “But we are still in the pandemic and we still have great strains on the economy, so there will be increased spending in this upcoming year. “Last year, we engaged in countercyclical spending and we identified a number of strategic capital projects … to move forward with. And that environment has not yet […]
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