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  1. 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 ...

  2. Canada still relies on its wounded golden goose

    Appeared in the Calgary Sun, April 29, 2020 Albertans have suffered tremendous economic pain in recent years. Steep recessions in 2009 and 2015/2016 (which was among the worst recessions in provincial history) rocked the province and the recovery has been ...

  3. Alberta facing possible third recession in a little more than a decade

    It’s no secret that Albertans have suffered a great deal of economic pain in recent years. Sharp recessions that began in 2009 and 2015 caused unemployment and hardship across the province. Although Alberta experienced a strong recovery ...

  4. Lessons from the Lone Star State: Comparing the Economic Performance of Alberta and Texas

    This bulletin compares the economic and fiscal performance of the Canadian province of Alberta and the American state of Texas in recent years and provides a brief discussion of how different policy choices may be contributing to the divergent ...

  5. Four reasons why Alberta’s vague balance budget plan may fall short

    Last month, when Finance Minister Joe Ceci unveiled Alberta’s 2018 budget, despite weeks stoking expectations of a detailed plan to eliminate the province’s budget deficit, he instead delivered a risky plan almost entirely reliant on ...

  6. Alternative Paths for Alberta's Budget: Balance by 2023/24 Is Not Enough

    Alberta faces significant fiscal and economic challenges. The government has run nearly uninterrupted deficits since 2008/09 and has seen an approximately $57 billion decline in its net financial assets between 2008/09 and 2017/18. The government has ...

  7. New report highlights Alberta’s long-term budget challenges

    The PBO has given the Notley government another warning that spending is badly out of line with revenue. ...

  8. Alberta—from fiscal leader to fiscal laggard

    Appeared in the Calgary Herald, September 16, 2017 What a difference a decade makes. In 2007/08, Alberta had a balanced budget and was the only province whose financial assets exceeded its debts. In fact, the province’s net financial position (after ...

  9. Alberta was once the land of opportunity—not so much any more

    Appeared in the Edmonton Journal, August 31, 2017 Go west, young man. Not long ago that was sound advice for a young person struggling to find opportunities in Eastern and Central Canada. While it may still hold true for parts of Western Canada, it’s no ...

  10. Rae Days in Alberta: The Notley Government at Two Years

    When Premier Notley took office two years ago in Alberta, her new government faced severe fiscal challenges. The province had a large and growing budget deficit and was headed towards net debt status for the first time in approximately 15 years. It was ...