Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Alberta can’t afford not to borrow, Horner says Add to ...

Subscribers Only

Not everyone in Alberta is happy with the direction Doug Horner is taking debt in the once “debt-free” province. But for the sake of Alberta’s growth – both past and future – the Finance Minister doesn’t see how his province can afford not to expand its debt load.

In a meeting Wednesday with a group of Globe and Mail editors and reporters (including yours truly), Mr. Horner defended his plan to spend $19.2-billion on infrastructure projects over the next three years, on top of the $4.5-billion it spent in fiscal 2012-2014. To fund the bulk of the plan, the government is looking at borrowing more than $16-billion – a big deal for a province that until last year, hadn’t raised debt in the capital markets for nearly a decade.

Report Typo/Error

Follow on Twitter: @ParkinsonGlobe

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular