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QP: CORRECTING THE RECORD: Horner stumbles on numbers

EDMONTON, AB (March 13, 2013):  PC CLAIM: Responding to a question from Wildrose Official Opposition Leader Danielle Smith on the government’s reckless fiscal agenda, Finance Minister Doug Horner stated, “We’re also going to be adding $26.3 billion in assets.” 

FACT: Horner’s misleading $26 billion number refers to the total value of capital assets in 2015.  The only value added to net assets between 2013 and 2015 is $3.8 billion. Alberta’s net assets have declined from $53 billion to $32 billion and our financial net assets have declined from $39 billion to $10 billion. 

PC CLAIM: Responding to a question from Wildrose Official Opposition Leader Danielle Smith on the government’s borrowing, Finance Minister Doug Horner stated, “The last borrowing we did was… 2.55%.” 

FACT: According to the finance department’s own website, their last borrowing was 3.41% of $196,110,000.  The government has also recently taken out a loan at 4.00%.  

PC CLAIM: Responding to a question from Wildrose Official Opposition Leader Danielle Smith  on the dangers of debt, Finance Minister Doug Horner said, “No where in this document does it say how they’re going to pay for anything.”

FACT: The Wildrose Financial Recovery Plan includes an extensive list of 25 recommendations of reductions that would save the provincial government $2.9 billion in spending this year alone and restores Alberta to a cash surplus in 2014.  The Wildrose Savings Plan can be found at the end of the document.