31-08-2022 23:24 via calgary.ctvnews.ca

UCP government's decision on surplus called 'huge win' for Alberta

Some advocacy groups are applauding Alberta's decision about its increased oil revenues, saying it will save residents hundreds. On Wednesday, Alberta's Finance Minister Jason Nixon announced the government was increasing its forecasted surplus, which is based on bitumen royalties, other resource revenue and corporate income taxes, from $511 million to $13.2 billion. As a result, Nixon said the government was making a "prudent decision" to pay off debt and invest in the Heritage Fund. "For too l
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