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Kenny says his radio show may have more words about inflation support next week

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The Canadian Press

Canadian news agency

20220702210728-751ffc68-5ef4-4cad-8fad-0b30c0a9b6f3.jpg CPL

Edmonton — Alberta Prime Minister Jason Kenny has his unified conservative government on additional support to help people cope with high inflation. I have shown that I will reveal the details next week.

Nixon's goal was 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. To help Albertin survive the current price hike, saying one is to consider further ways.

The state has already cut its share of the petrol tax early this spring, and a $ 150 electricity rebate will soon flow to mitigate the effects of inflation.

On Saturday, Kenny said there would be further support announcements, answering questions about inflation raised by callers on CHQR and CHED state-wide telephone radio shows. .. He believed he would come this week.

He didn't elaborate on what the remedy was, and the spokesman didn't respond immediately when emailed for details.

Kenny tells the radio audience some explanations about high inflation, including federal monetary policy, a large federal deficit, and energy shortages associated with Russia's invasion of Ukraine. Told.

"Anyone who says there is only one brief explanation goes crazy," Kenny said.

"I think most experts expect or expect this to happen next year, but they will probably be in high inflation for the next few months."

Kenny said he agreed with Pierre Poirievre, a potential leader of the Federal Conservative Party, that the Bank of Canada is driving inflation by "printing tens of billions of dollars in new fiat currency."

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

The Bread and Butter oil and gas industry in Alberta has retreated against pandemics, while Russia's invasion of Ukraine has disrupted the global energy supply. The economy has grown so fast that it has skyrocketed in recent 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.

Opposition NDP financial critic Shannon Phillips said the government was unable to provide the promised funding for a variety of public services, from education to responding to ambulances, after the storm was announced. Stated.

Kenny said on Saturday that a surplus would not have occurred if his government had "not 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.

This report by Canadian Press was first published on July 2, 2022.

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