Alberta Votes 2023: NDP campaign budget released IG News

IG news Update,

Alberta’s NDP has released a fully costed economic plan that predicts a $3.3 billion surplus over three years if elected on May 29.

Shannon Phillips, a candidate in Lethbridge, Alta., and opposition finance critic, held a news conference this morning in Calgary with economist Todd Hirsch.

He previously released a report commissioned by NDP leader Rachel Notley on how to manage the province’s surplus for future generations.

Hirsch, formerly chief economist at ATB Financial, says he supports the NDP’s fiscal strategy and Notley as the next premier.

The NDP says the corporate tax rate will be raised from eight per cent to 11 per cent to raise $6.2 billion in revenue over three years, but notes that the rate will still be the lowest in Canada.

Its plan also focused on ending the health care crisis by ensuring Albertans could get a doctor, investing in education by hiring more teachers and educational assistants, and reducing utility bills and Can reduce the cost of living by freeing up personal taxes.

This report by The Canadian Press was first published on May 16, 2023.