mulberry somerset tote NDP throne speech zeroes in on jobs
Alberta NDP government vowed Tuesday to reverse the approach of the past as the province unveiled its plan to kick start the economy amid cratering oil prices.
In a throne speech delivered by Lt. Gov. Lois Mitchell, Premier Rachel Notley government pledged to diversify energy markets and put Albertans back to work as the province faces a potential $10.4 billion deficit in the spring budget, set to be unveiled April 14.
latest price bust is prolonged, deep and driven by important and fundamental changes in the world market and so we do need to act, Mitchell told a packed legislature. are currently over dependent on a single commodity, a single price and a single market. told reporters the current economic climate is the result of the hands off approach taken by past Progressive Conservative governments.
you are going through an economic downturn like what we are going through here we need a government that is, first of all, going to engage with Albertans to provide them and their families with the support that they need to the extent that we can do that, she said. is the role of government. We are here to act as a shock absorber. government Bill 1, the Promoting Job Creation and Diversification Act, includes measures to enhance employers access to capital, a vow to build the agriculture and forestry industries and a plan to and strengthen Alberta credit union legislation in the fall.
It also funnelling $1.5 billion to Alberta Treasury Branches for lending to small and medium sized businesses and has already directed the Alberta Investment Management Corp. to earmark $500 million for companies in the province with potential. critics said the economic action takes the form of ill advised government intervention.
seen a new system that they bringing forward for job stability, which in essence is a lending program nothing more than a lending program, Wildrose Leader Brian Jean said. seen in the past NDP governments that when they get into picking winners and losers,
taxpayers are the losers. PC leader Ric McIver echoed those concerns, adding he fears the province job creation plan amounts to lip service.
will do the work if government mostly gets out of their way and creates an environment where they allowed to do the work, he said. government has actually done the opposite. disputed Notley criticism that the PCs did nothing to protect Alberta economy, noting that Alberta oil and gas industry went from 34 per cent of the provincial GDP two decades ago to 25 per cent of the GDP in 2014.
other words, the rest of the economy grew faster, on average, than oil and gas, which completely debunks what the premier says and says that our government had a framework where other industries actually could expand, he said.
The throne speech revealed several other new pieces of legislation expected from the government this session, including a bill to crack down on lending practices by payday loan companies that charge rates for Albertans in a financial crunch.
It also confirmed the government will still move ahead this summer with a planned Alberta Child Benefit plan announced in last fall budget.
The Climate Leadership Implementation Act will include elements of the province climate change plan released late last year. The bill, which will be released around the same time as the budget, will include details on a $3 billion carbon tax and a plan to invest its revenues into such things as renewable energy and public transit, along with an program to limit its effects on low income families and small businesses.
Notley also promised to repeal Bill 22, an indigenous consultation bill which she said the former Progressive Conservative government passed without adequate consultations.