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本帖最后由 爱城闲人 于 2014-12-9 20:36 编辑 5 {. _ P. {* W6 D$ Q: e
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Premier Says Low Oil Prices Could Leave Hole in Provincial Budget" ? x+ n/ L! a/ l! S$ ?, p! s
Tuesday, December 09, 2014 - Economy, Infrastructure, Oil
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The price of oil hovered around $63 US/barrel Tuesday after one of its worst days in years Tuesday.
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And Premier Jim Prentice says low prices could leave a $7 billion hole in the province’s budget.
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Prentice gave his “State of the Province” speech to the Edmonton Chamber of Commerce Tuesday.# Y, p4 D1 q( ], M" R4 j
: X: v8 E/ l3 p( t* O# ^Two weeks ago, the Premier said the government expected oil prices to end the year between $65 US/barrel and $75 US/barrel. At that time he said low prices would have “consequences for all Albertans.”& V9 H; ^$ b5 Q% n
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Now, with prices lower than $65 US/barrel, Prentice says low prices could leave a $6-$7 billion hole in Alberta’s $40 billion budget.( y+ P5 o% G/ G; j% a! k3 x
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Prentice says the government will have to reduce spending if low prices are sustained. He says across-the-board cuts in spending won’t happen, instead Prentice says his government will focus on core services and limit spending below the rate of growth, plus inflation.. P) z8 T6 K: |# \# G1 G$ o. Z2 j
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“It is incumbent on us to adjust our expectations and adjust our spending to begin to mitigate these risks for the long-term. And the solution cannot be to simply wait for the next upswing in prices,” he says.
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' f6 b* L2 _- N6 ETuesday’s comments come days after a Morgan Stanley report said crude oil prices could drop to $43 US/barrel in 2015 before rebounding.
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- V2 n; W1 o2 kLast year’s provincial budget was based on a forecasted price of $95 US/barrel.- S( F2 v' H8 I3 L! x8 ]( ^: X4 [
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Prentice says future budgets will rely on much more conservative price estimates.
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! w; g% \; ~# z/ J“In the long-term, a budget that is tied to to volatile energy prices year-in, year-out represents a significant risk.”
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Prentice also says the government is not considering a provincial sales tax to cover possible shortfalls from low oil prices.* p4 R! N) R0 N7 x8 G
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