Archived - Minister Morneau Announces $250 Million Stabilization Payment to Alberta

February 23, 2016 – Ottawa, Ontario – Department of Finance

Finance Minister Bill Morneau today announced that the Government of Canada will provide Alberta with an advance fiscal stabilization payment of approximately $251.4 million, as part of ongoing support to provincial and territorial governments to assist them in the provision of programs and services.

Today’s announcement is an example of cooperation between the federal and provincial governments to address the challenges facing middle class families, and those struggling with the effects of the economic downturn.

The Government of Alberta applied for a fiscal stabilization payment earlier this month. It was determined that Alberta qualified for the maximum amount of $60 per person, for a total amount of $251.4 million.

Annie Donolo
Press Secretary
Office of the Minister of Finance
613-369-5696

Jack Aubry
Media Relations
Department of Finance
613-369-4000

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