Alberta to receive $251.4-M Fiscal Stabilization payment

The federal government has announced a fiscal stabilization payment to Alberta to assist with the impact of the dismal oil economy.

Federal Finance Minister Bill Morneau made the announcement, with the online statement: “It was determined that Alberta qualified for the maximum amount of $60 per person, for a total amount of $251.4 million.”

So far Alberta is the only province to receive the funding.

(Written by: N. Reitmayer; Original information source: Calgary Herald