 鲜花( 1)  鸡蛋( 0)
|
本帖最后由 爱城闲人 于 2014-12-9 20:36 编辑 # t# x& E) R/ h* y8 m
$ W& C, x' r/ h, p y" \
Premier Says Low Oil Prices Could Leave Hole in Provincial Budget
: C3 i5 n, [) n$ B( XTuesday, December 09, 2014 - Economy, Infrastructure, Oil
: b9 g8 z) [/ B) M) G% z, E4 ?! G# K' l* j3 K0 a
The price of oil hovered around $63 US/barrel Tuesday after one of its worst days in years Tuesday.
. _) x8 @6 D8 v* j% Z; [) a$ O1 d# t
And Premier Jim Prentice says low prices could leave a $7 billion hole in the province’s budget.
+ Q! J; i/ } E G# c) N# Q* w+ a3 ~. J# m3 q8 ?
Prentice gave his “State of the Province” speech to the Edmonton Chamber of Commerce Tuesday.
8 b3 y4 N8 G! y, x6 u4 L
6 S9 Y5 F) O* Q% k, S! v( D8 w3 KTwo 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.”
% @- N1 z5 ?; ^7 v; R, `3 F* B9 `: |! T: s# `, O
Now, with prices lower than $65 US/barrel, Prentice says low prices could leave a $6-$7 billion hole in Alberta’s $40 billion budget.
7 T! f- {2 r! b/ Z' y/ o ~3 A& F' r. w3 ^. ^+ Q+ z: Y" G$ j+ e
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.
6 P+ p0 T9 g# H2 a8 b7 f8 W! g7 B0 [# Q% }
“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.
- q; m9 Y. }) C) C
1 Z" X% L7 i3 ~1 A5 T `' STuesday’s comments come days after a Morgan Stanley report said crude oil prices could drop to $43 US/barrel in 2015 before rebounding.6 B9 V0 b; N6 f4 r) z, s
' r- T' ?. T( J; p! w
Last year’s provincial budget was based on a forecasted price of $95 US/barrel.
7 v4 _" S+ c' D1 b9 U3 H, O; }; g8 q/ F% p
Prentice says future budgets will rely on much more conservative price estimates.: i0 h5 L( r' N
( @8 V. z- }9 o! x, l5 Q* v9 n
“In the long-term, a budget that is tied to to volatile energy prices year-in, year-out represents a significant risk.”
5 g7 J+ n' J9 L2 h o. _, B* Z4 g& h6 v+ f# U
Prentice also says the government is not considering a provincial sales tax to cover possible shortfalls from low oil prices. M+ m0 F w g$ X3 I. h" U
|
|