 鲜花( 1)  鸡蛋( 0)
|
本帖最后由 爱城闲人 于 2014-12-9 20:36 编辑
* C' \& `' @. ?4 a
2 ~3 Y2 ?# {( [' A J# cPremier Says Low Oil Prices Could Leave Hole in Provincial Budget
- U, `2 S* z; w6 c% n4 P4 HTuesday, December 09, 2014 - Economy, Infrastructure, Oil4 i C( W y! @1 s( V$ M* K/ h
& D4 L2 l& P# o+ I
The price of oil hovered around $63 US/barrel Tuesday after one of its worst days in years Tuesday.9 S7 _, x/ D0 K6 M/ G( Z$ e/ B+ y
3 }! E% F9 L' D, Z! cAnd Premier Jim Prentice says low prices could leave a $7 billion hole in the province’s budget.2 t% l/ |) \# u( F) c4 d: I& U
4 J. ~7 c' V9 j
Prentice gave his “State of the Province” speech to the Edmonton Chamber of Commerce Tuesday.4 H8 Z# B% O3 j. J% R+ u
& j; r" C9 h# A/ N/ z) C& fTwo 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.”
4 l3 M! [& g; j8 [, H' m2 n) R, p: g, ^9 B1 ^
Now, with prices lower than $65 US/barrel, Prentice says low prices could leave a $6-$7 billion hole in Alberta’s $40 billion budget.
0 y2 d/ V; w5 k. l: q, r- L( B, ?, Y0 q$ b
% C& I# T2 A+ g* ~' EPrentice 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." T1 K$ ^# c/ n& K) [" a% x
) L9 E) P5 Y0 z“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.) e# I6 b/ B6 \6 ]+ \
8 ^8 p) y3 r- h% E
Tuesday’s comments come days after a Morgan Stanley report said crude oil prices could drop to $43 US/barrel in 2015 before rebounding.
1 u' w2 G3 d( N5 W1 ]. ?
# ^. E, T8 h& }" C6 eLast year’s provincial budget was based on a forecasted price of $95 US/barrel.
& S; k8 r9 V) R4 @7 d0 j+ d
4 x4 E! Q" i3 p/ n8 K1 o2 R; a7 ^Prentice says future budgets will rely on much more conservative price estimates.
7 Z" J0 a7 y$ T- O# f' s/ q1 f) I4 a& p( S# ^
“In the long-term, a budget that is tied to to volatile energy prices year-in, year-out represents a significant risk.”
; f/ {, o: d% L9 M+ a1 v) L3 u# [+ B
Prentice also says the government is not considering a provincial sales tax to cover possible shortfalls from low oil prices." d% l: ^- c3 B' T* R
|
|