Finance Minister Travis Toews delivers his budget address in the Alberta legislature on Feb. 28, 2023. (Screengrab From www.assembly.ab.ca)

By Canadian Press

Toews wants panel to review Alberta’s revenue structure

Mar 2, 2023 | 4:33 PM

CALGARY – Alberta’s finance minister says he would like to see a panel formed within the next year and a half to address the province’s often volatile revenue structure.

Travis Toews told the Calgary Chamber of Commerce today that the province has worked hard on its fiscal framework and has been reducing debt and cutting spending.

But he says because the majority of Alberta’s revenue comes from the oil and gas, it creates a level of uncertainty during times of boom and bust.

He says at some point Albertans are going to have to consider what needs to be done to correct that.

Toews says Alberta ordered an independent report in 2019 on expenditures and that has led to a balanced budget.

WHAT'S ON

Here is what's on this weekend in Medicine Hat and area: Dec. 13-15

19h ago

IN THE COMMUNITY

Medicine Hat's Mustard Seed adding new shelter spaces at Alberta government's request

Dec 12, 2024

HOLIDAYS

Medicine Hat Kiwanis hosting Christmas dinner, applications due Friday

Dec 12, 2024

He says he would like to see something similar on the revenue side and, at this point, nothing would be off the table.

This report by The Canadian Press was first published March 2, 2023.

The Canadian Press