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Kenny suggests that details of inflation support may come next week

Alberta Prime Minister Jason Kenny details additional support for his U.S. conservative government to help people deal with high inflation next week Showed to do.

Nixon was one of the goals when Treasury Minister Jason Nixon announced a $ 3.9 billion surplus at the end of the 2021-22 fiscal year ending March 31 earlier this week. Said to consider further ways to support Albertan. Overcome the current stretch of rising prices.

Read more: Inflation is Alberta's biggest concern, according to Polling

Already earlier this spring, a portion of the petrol tax and an electricity rebate will soon flow $ 150 to mitigate the effects of inflation.

Saturday,CHQRandCHEDanswering questions about inflation from callers on state-wide telephone radio shows Kenny said there would be more support announcements he believed would come this week.

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He didn't elaborate on what the remedy was, and the spokesman emailed the details. Did not reply immediately.

Kenny told the radio audience that there were some explanations for high inflation, including federal monetary policy, a large federal deficit, and energy shortages associated with Russia's invasion of Ukraine.

Read more: First pandemic, current price: Alberta restaurant suffering from high inflation

"There is only one brief explanation," said Kenny .

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"I think most experts expect or anticipate this from next year. , We will probably continue to have high inflation for a few more months. "

Kenny is a candidate for federal Conservative leader that the Bank of Canada is driving inflation. He said he agreed with Pierre Poirievre's allegations. The new fiat currency, the dollar.

Poilievre threatened to dismiss Tiff Macklem, the governor of the Bank of Canada, if he was elected prime minister.

Alberta's bread and butter oil and gas industry has experienced rapid growth in the global economy, while pandemic measures have receded and Russia's invasion of Ukraine has disrupted the global energy supply. It has skyrocketed in the last few months.

According to Nixon, another plan for this plunge is to build the Alberta Heritage Savings Trust Fund, the state's $ 18.7 billion savings nest egg.

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Opposition NDP financial critic Shannon Phillips said the government promised funding after the storm was announced. He said he couldn't provide it. A variety of public services, from education to ambulance support.

Kenny said on Saturday that his government "wouldn't have been in the black if it hadn't exercised spending restraints."

"One of the problems in modern Alberta is to track spending and spend what comes in when the oil boom occurs, and when income declines, taxpayers You're still in debt, "he said.

© 2022 TheCanadian Press