Jan. 30 (Bloomberg) -- Alberta’s government will not increase taxes in its next fiscal plan even as it faces declining oil revenue, Premier Alison Redford said.
Speaking to reporters after giving a speech in Toronto, Redford said “we are not considering at all either health care premiums or taxes in this budget,” which is scheduled for March 7.
Redford said in a televised address last week that the oil-rich province will collect C$6 billion ($6 billion) less in revenue this year because of the low price of Canadian heavy oil.
“We’re going to have to make some tough choices,” Redford said today, adding that she didn’t want to “foreshadow” specific measures to be in the fiscal plan.
Separately, Redford said that New Brunswick Premier David Alward would visit Alberta next week, and that they would discuss plans to ship crude to the eastern Canadian province by reversing existing pipelines. That would allow Alberta oil to refined and shipped from a deep water port on the Atlantic Ocean.
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