The idea is simple—save during good times to help avoid deficits during bad times.
The province's net asset position deteriorated by nearly $23,000 per person between 2007 and 2021.
Alberta’s government-sector workers enjoy a 9.3 per cent wage premium over their private-sector counterparts.
In 2017, the province's per-person spending reached its highest level since 1965.
Alberta’s budget deficit will be $5.8 billion in 2021/22—$12.4 billion less than originally forecast.
The province's per-person spending is significantly higher than in Ontario, B.C. and Quebec.
By making fiscal rules constitutional in nature, governments can protect them from being ignored.
In 2020/21, Alberta’s non-renewable resource revenue will comprise only 4.7 per cent of provincial revenue.
A reliance on non-renewable resource revenue has caused trouble for the provincial finances for decades.