The looming threat of U.S. tariffs along with a potential tax cut are expected to dominate Alberta’s budget today.
Finance Minister Nate Horner says addressing affordability is a prime concern, but the uncertainty surrounding tariffs makes the budget more challenging.
By legislation, the province can’t run a budget deficit unless revenue drops by $1 billion or more — something Horner warns could happen in the case of tariffs.
He says the United Conservative Party government is planning for a set of scenarios assuming tariffs in some way are coming soon from U.S. President Donald Trump.
Economist Charles St-Arnaud says Alberta will need to be prudent in case it needs to stimulate the economy.
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Opposition NDP finance critic Court Ellingson says his party wants to see the government address affordability and support public services but is expecting spending cuts.
