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Despite smaller projected budget deficit, Albertans can’t afford to discount province’s fiscal challenges
A boost in projected revenues this year have reduced the expected deficit for 2021/22, but this will only provide a small amount of relief. ...
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Report paints bleak picture of Alberta’s fiscal future
The province's per-person spending is significantly higher than in Ontario, B.C. and Quebec. ...
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New report paints gloomy picture of Alberta’s fiscal future—absent policy change
According to the PBO, Alberta must reduce spending by 3.1 per cent of GDP to restore fiscal sustainability. ...
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Alberta celebrates ‘Balanced Budget Tax Freedom Day’ later than any other province
This year's combined projected federal and provincial government deficits total $234 billion. ...
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Alberta needs new (old) rule to stabilize government resource revenues
In 2020/21, Alberta’s non-renewable resource revenue will comprise only 4.7 per cent of provincial revenue. ...
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Alberta economy recovering from COVID but government finances remain cause for concern
The province's net debt will reach a projected $102.1 billion by 2023/24. ...
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Kenney shouldn’t bank on resource revenues to balance budget—despite high commodity prices
A reliance on non-renewable resource revenue has caused trouble for the provincial finances for decades. ...
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Alberta’s government debt interest costs continue to soar
According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24. ...
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No PST—Alberta government has a spending problem, not a revenue problem
The provincial government ran deficits in 12 of the past 13 years. ...
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Kenney has no choice—he must tackle government compensation
Of the Alberta government's $54.3 billion in total spending, 50 per cent was on wages and benefits for government workers. ...