The fiscal capacity gap between “have” and "have-not" provinces has shrunk from 27 per cent to 6 per cent.
The equalization program will cost nearly $20 billion this year.
Alberta ran a $3.1 billion deficit in 2012/13—when oil prices were over US$80 per barrel.
Quebec has received equalization every year since the program’s inception in 1957.
Successive governments have increased spending faster than the rate of economic growth or inflation-plus-population.
Equalization makes for a handy scapegoat, but successive Alberta governments have no one to blame but themselves for the province’s fiscal problems.