Alberta will be giving Finance Minister Jim Flaherty notice Monday that it will likely need as much as $600-million more for flood relief support on top of the $2.8-billion already booked by Ottawa.
When the federal government announced the $2.8-billion figure in November, the senior federal minister for Alberta, Jason Kenney, noted that Ottawa could end up spending more because the amount was less than the province’s original estimate of $3.1-billion.
In an interview with The Globe and Mail, Alberta Finance Minister Doug Horner said the figure will likely be around $500-million or $600-million.
“Obviously I’m going to bring up with [Federal Finance Minister Jim] Flaherty the importance of cash flow for us, given our flood system. And I know they did book $2.8[-billion], but they probably need to book another five or six hundred million on top of that,” he said.
Mr. Horner made the comments on Sunday ahead of Monday’s meeting of finance ministers at Meech Lake.
“I’ve mentioned it to Minister Flaherty before and we’ll bring that up as part of the update from Alberta,” said Mr. Horner.