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Despite Alberta pleas, Trudeau government maintains ‘stabilization’ status quo
The program offset just 3.5 per cent of Alberta’s year-over-year revenue loss. ...
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Rising debt interest costs further threaten Alberta finances
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues. ...
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1990s put Alberta’s fiscal problems into alarming perspective
As a share of the provincial economy, Alberta's recent deficits are larger than those incurred in the early ’90s. ...
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Kenney government must learn from Alberta’s fiscal freefall
Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta. ...
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Kenney government must learn from fiscal mistakes—and successes—of the past
Alberta's deficit this year will be the largest in history, relative to the size of the provincial economy, at 6.9 per cent of GDP. ...
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Alberta fiscal update projects budget deficits over next three years—with consequences
According to the Kenney government’s mid-year update released on Tuesday, Alberta’s fiscal troubles are far from over. The update projects a $21.3 billion budget deficit in 2020/21, a $15.5 billion deficit in 2021/22 and a $9.9 billion ...
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Alberta should better align government-sector compensation with the private sector
In light of a projected $24.2 billion deficit, the Kenney government has asked unionized civil servants in Alberta to take a 4 per cent salary reduction this year. Alberta Finance Minister Travis Toews said the proposal “reflects the ...
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High spending and persistent deficits have driven Alberta’s government debt problem
The Kenney government is asking Albertans for input on how to tackle the province’s growing debt and begin a path towards a more prosperous future. But before determining a path forward, it’s necessary to understand the province’s fiscal ...
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Alberta’s historic budget deficit underscores daunting fiscal challenges
The Kenney government Thursday released a fiscal update, which includes a historic $24.2 billion budget deficit, highlighting the significant impact the COVID recession has had on Alberta’s already troubling finances. To address these ...
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Kenney government must continue move towards balanced budget
To make matters worse, Alberta recently received its third credit downgrade since December. ...