MEDIA RELEASE—January 28, 2019
For immediate release
Recommendations focus on strengthening fiscal competitiveness
The Alberta Chambers of Commerce released its recommendations for the 2020 provincial budget today. The recommendations—which were sent to Finance Minister Travis Toews—focus on strengthening Alberta's fiscal competitiveness through accountable government.
The Alberta Chambers network's recommendations for Alberta's 2020 budget follow.
1. Continue to freeze operational expenditure growth until the budget is balanced.
2. Negotiate government labour agreements due for renewal with a target of zero staffing increases and zero per cent salary increases. This target should remain in place until the currently depressed labour market has rebounded sufficiently to justify wage growth.
3. Ensure that Alberta’s small business corporate tax rate does not exceed the lowest tax rate in other Canadian provinces or territories.
The recommendations are supported by data recently collected through the Alberta Perspectives market research program, which show business confidence at both the municipal and provincial levels is suffering. More information on these findings is available here.
The Alberta Chambers' full budget submission is available here.