02/08/2013 03:11 EST | Updated 04/10/2013 05:12 EDT

Alberta Budget: Canadian Tax Group Says Alberta Needs A Spending Diet

EDMONTON - The Canadian Taxpayers Federation says it is going to Alberta's economic summit this weekend to spread the word that Alberta needs to go on a diet.

Federation spokesman Derek Fildebrandt says Alberta spends more per capita than almost any other province, but lags behind on health care and other services.

Fildebrandt says even with falling oil prices, the province still takes in billions of dollars in natural resource revenue and could comfortably live within its means.

He will join panel discussions with other academics and industry leaders at the economic summit on Saturday at Calgary's Mount Royal University.

The summit was announced last month by Premier Alison Redford to seek solutions on Alberta's looming financial crunch, and explore ways to lessen its dependence on the roller-coaster prices of oil and gas.

Redford estimates falling oil prices will take a $6 billion bite out of the budget her government will deliver on March 7.

Also on HuffPost

Where 2012 Budget Money Was Spent