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Alberta's Prosperity Bonus, nicknamed Ralph bucks after then-premier Ralph Klein, was a one-time $400 payment paid out to almost 3 million Albertan residents in 2006. [1] The Government of Alberta paid a dividend to residents of Alberta due to a massive oil-fuelled provincial budget surplus.
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]
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 ...
By November, prices had fallen to $55 per barrel, and Evans estimated a $2 billion surplus. By February 2009, the government of Alberta appeared poised to run a $1 billion deficit. In April 2009, Evans released her budget for 2009–2010, in which she anticipated a $4.6 billion deficit.
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]
Only eleven per cent of Canadians live in Alberta. But 21 per cent of "Canada's $100,000-plus earners" live in Alberta. Alberta collects about 21 per cent of "Canada's corporate taxable income". [28] The federal government collects more GST from Alberta because the families with higher incomes also spend more in Alberta.
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On April 16, 2019, Jason Kenney successfully led the United Conservative Party to a majority government in the 2019 Alberta general election, defeating the incumbent government led by Rachel Notley of the New Democratic Party with 63 seats and 54.88% of the popular vote and securing only the fifth change of government in Alberta's political ...