Smith government should cut corporate welfare from upcoming budget

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Smith government should cut corporate welfare from upcoming budget

The Smith government will table its next budget on Feb. 27. Finance Minister Nate Horner recently warned that, according to forecasts, oil prices may drop in 2025. And that has big implications for the budget. Indeed, while resource revenue (which includes oil and gas royalties) is currently keeping the Smith government’s finances out of the red, each $1 drop in oil prices removes about $630 million from Alberta’s bottom line.