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GCSurplus is a Canadian government department responsible for handling moveable Crown assets that a federal department or agency has declared as surplus under the Surplus Crown Assets Act (R.S., c. S-20, s. 1). [1] Surplus assets are typically auctioned off to the public through the GCSurplus website. [2]
In September 2005, Alberta Premier Ralph Klein announced in an open letter to Albertans that the province was expecting significant higher than expected revenue from energy royalties and the government would be creating a program to return a portion of the surplus to Albertans in the form of a one-time CA$400 payment sometime in January 2006. [2]
Alberta still initially enjoyed an economic surplus due to high oil prices, but the surplus was heavily reduced by the NEP, which, in turn, stymied many of Lougheed's policies for economic diversification to reduce Alberta's dependence on the cyclical energy industry, such as the Alberta Heritage Savings Trust Fund, and also left the province ...
Alberta's net debt was $27.5 billion by March 2019, which represents the end of the 2018-19 fiscal year (FY). [45]: 70 [46] By November 2018, Alberta's government expenditures were $55 billion while the revenue was about $48 billion, according to a report by the University of Calgary's School of Public Policy (SPP) economist, Trevor Tombe.
One of the Alberta's government's major legislations in terms of jurisdiction over the Energy Resources and Conservation Board (ERCB) was the 1960 Gas Utilities Act. [ 15 ] In 1961, new provincial air-quality standards were introduced limiting hydrogen sulphide and sulphur dioxide emissions.
In response to the provincial government's 2013-2014 budget, Anderson and the Official Opposition authored and released the Wildrose Financial Recovery Plan, which claimed it would eliminate operating deficits restore a government surplus by 2014. [6]
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When first MPs were elected in what is present-day Alberta in 1880s/1890s, Calgary and southern Alberta generally elected Conservatives, such as Donald Watson Davis and north-central Alberta elected Liberals such as Frank Oliver. After province-hood, Alberta's federal representation mostly echoed that of its provincial government.