The idea is simple—save during good times to help avoid deficits during bad times.
It’s Time to Get Off the Resource Revenue Rollercoaster: Re-establishing the Alberta Sustainability Fund
Capital investment in Alberta’s oil and gas industry fell from $58.1 billion to $21.5 billion.
According to projections, debt interest costs will reach $3.1 billion in 2025/26.
All resource revenue is typically included in the budget, creating volatility in provincial finances.
The costs included agricultural subsidies and tax credits for natural gas drilling.
A majority of respondents in the province believe the average family should pay 25 per cent or less of its income in total taxes.
It would be irresponsible for the Smith government to repeat the mistakes of past governments.
Alberta went from spending $61 per person on provincial debt interest costs to roughly $563.
Alberta’s government-sector workers enjoy a 9.3 per cent wage premium over their private-sector counterparts.