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Alberta’s upcoming referendum bigger than equalization
Reforms in the 1990s led to a marked decline in welfare dependency and reduced spending on social assistance. ...
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Alberta needs robust fiscal rules that survive tough times
By making fiscal rules constitutional in nature, governments can protect them from being ignored. ...
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Ottawa should make equalization more fair and shrink payments
Albertans will likely vote on equalization in October. ...
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‘Sustainability’ fund could help Alberta get off resource revenue rollercoaster
Provincial program spending increased from $8,012 in 1999/00 to $10,618 by 2006/07. ...
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Kenney government must reduce spending to right fiscal ship
Appeared in the Calgary Sun, December 2, 2020 Alberta’s government finances are in trouble. In its fiscal update last week, the Kenney government forecasted a historic deficit of $21.3 billion in 2020/21, with sizable deficits over the following two years ...
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Another pipeline setback, another blow to Alberta government finances
Appeared in the Calgary Sun, June 10, 2020 Alberta’s fiscal situation has been deteriorating for a decade, and the COVID-induced recession has dealt another major blow to the province’s finances. Premier Kenney recently predicted the budget deficit could ...
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Mounting government debt threatens Alberta’s fiscal status among provinces
Appeared in the Edmonton Journal, May 5, 2020 Recently, RBC Economics published a report on provincial finances. The report, which is clear, concise and highly informative, estimates that all the provinces taken together will this year run a cumulative ...
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Complacency about Alberta’s debt is a dangerous mistake
Appeared in the Edmonton Sun, January 22, 2020 Alberta is racking up debt faster than any other province in Canada, and proponents of complacency are making a dangerous mistake. It’s widely known that Alberta’s finances are a mess. This year, the ...
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Painful decade for Alberta finances finally over
Appeared in the Edmonton Journal, January 7, 2020 As we begin the 2020s, let’s hope it’s a better decade for Alberta government finances, which took a beating over the last 10 years. Here’s a quick recap. The province entered the decade in an enviable ...
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Alberta ready for another ride on the Resource Revenue Roller-coaster
Appeared in Maclean's, December 4, 2019 Alberta’s government finances are in shambles. Last year, the province ran a $6.7 billion operating deficit. Even this deficit number, however, understates Alberta’s fiscal woes because last year the government ...