Alberta Mirror

Monday, October 3, 2022

Kenney suggests the Alberta government will reveal plans for more inflation help

Alberta

Key takeaways: 

  • Kenney stated there would be an announcement during the weekly radio show but did not imply possible measures.
  • Before this week, the Alberta government declared a $3.9 billion excess at the end of the 2021-22 fiscal year. 
  • The finance minister said one of the objectives was to explore other ways to help Albertans get through the present stretch of increasing costs. 

Alberta Premier Jason Kenney has told his United Conservative government will disclose details next week about more support to help people deal with high inflation.

Earlier this week, when Finance Minister Jason Nixon revealed a $3.9 billion surplus at the end of the 2021-22 fiscal year ending March 31, Nixon stated one of the plans was to explore different ways to help Albertans get through the existing stretch of growing prices.

The region already sliced its share of the gasoline tariff earlier this spring, and $150 in electricity refunds will soon flow to ease the effect of inflation.

On Saturday, while replying to a query about inflation that was put to him by a caller on his provincewide phone-in radio show on CHQR and CHED, Kenney stated there would be an announcement regarding more support, which he thought would come this week.

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Alberta Premier Jason Kenney has told his United Conservative government will disclose details next week about more support to help people deal with high inflation

He did not exaggerate the measures, and a spokesman did not immediately reply when emailed for details.

Kenney told his radio audience several reasons for high inflation, including federal financial policy, large national debts, and energy shortages related to Russia’s attack on Ukraine.

“Anyone who says there’s just one simple answer is fibbing,” Kenney said.

“I think most of the professional’s expectancy or project will begin to come off next year, but we’re likely in for a few more months of high inflation.”

Source – CBC News

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