Government breaks the bank for Christmas spending spree

CALGARY, AB (December 22, 2017): Alberta Liberals are raising concerns about the NDP borrowing billions just before the holiday break. 

In an Order in Council late yesterday afternoon, Cabinet removed the restriction on the use of foreign currency and authorized the Minister of Finance to borrow money up to $37 billion. The move comes just hours before the civil service goes on an extended holiday period.

"Did the NDP really think no one would notice the piggy bank was broken into and $37 billion was missing?" asks Alberta Liberal Leader David Khan, who says the decision puts the government's cynicism on full display.

“This is extremely disrespectful to taxpayers,” says Khan. “I expect the government to tell us why billions of dollars in new debt is needed now, what it will be used for, and, most importantly, how it plans to pay it back so that Albertans aren’t saddled with this debt for Christmases to come.”

Alberta Liberal MLA David Swann agrees.

"I don't believe it's a coincidence that this information was released without any fanfare whatsoever just before the ultimate holiday long weekend," says Swann. “Albertans should be concerned about how, and how much, the NDP is borrowing for a Christmas spending spree.

“There is certainly going to be some sticker shock when the bill comes due in the New Year."