Alberta budget 2021 promises more help for COVID-19 with $18B deficit
Alberta’s COVID-19-era budget made a hard landing Thursday with an $18.2-billion deficit but also a promise that good times will return.
Finance Minister Travis Toews said as vaccines continue to be given and businesses open up, Alberta is on track to start its rebound in the back half of this year.
“Alberta’s economy is now expected to reach pre-COVID levels by 2022, one year earlier than expected,” Toews told a news conference prior to introducing the 2021-22 budget in the legislature.
“(But) Albertans continue to face one of the most difficult times in our history. We’re ensuring that we’re resourcing our health-care response adequately to meet the pandemic challenge (and) we’re positioning the economy for growth and a rebound.”