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本帖最后由 爱城闲人 于 2014-12-9 20:36 编辑 5 }- T1 N$ ?% Q) o$ o9 K3 \9 {5 T; l
5 L6 O6 A3 r% u9 j0 @( UPremier Says Low Oil Prices Could Leave Hole in Provincial Budget
- V2 B( W, p' u- F* L, {4 r$ U- ~/ N9 dTuesday, December 09, 2014 - Economy, Infrastructure, Oil
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9 }) ^: i5 E Q: f7 T$ k5 CThe 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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* b1 ?' y: Q+ d( gPrentice gave his “State of the Province” speech to the Edmonton Chamber of Commerce Tuesday.6 W0 S# m6 R- \9 y
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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.”
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[1 S3 g) h6 i& l u1 S: eNow, with prices lower than $65 US/barrel, Prentice says low prices could leave a $6-$7 billion hole in Alberta’s $40 billion budget.( @7 y! z2 [1 S& r
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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.
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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.; v3 n" W. H# u& r0 h( m" k1 z* b
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Tuesday’s comments come days after a Morgan Stanley report said crude oil prices could drop to $43 US/barrel in 2015 before rebounding. R1 \0 B+ k& w
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Last year’s provincial budget was based on a forecasted price of $95 US/barrel.# W B |& C, ~
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Prentice says future budgets will rely on much more conservative price estimates.
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“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.3 C e& b+ S0 U: E3 ^( ?+ _
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