Chronic deficits through good times and bad have led to a roughly $70 billion erosion of the province’s financial assets.
Last year, the province ran a $6.7 billion operating deficit.
Additional spending reductions would have created additional fiscal room for pro-growth tax reform.
Government revenues in all provinces—but especially Alberta—are unpredictable.
Alberta's per-person debt-service costs may hit $655 by 2020/21.
Norway's Sovereign Wealth Fund is now worth US$1 Trillion.
The province's debt interest costs were more than $400 per person in 2018/19.
Alberta buys yet another ticket to ride the resource rollercoaster.
Equalization makes for a handy scapegoat, but successive Alberta governments have no one to blame but themselves for the province’s fiscal problems.