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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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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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Rising debt-interest payments further threaten Alberta government’s deteriorating fiscal situation
Appeared in the Calgary Sun, December 9, 2020 Last week in this space, we outlined the Alberta government’s deteriorating finances, as spelled out in the Kenney government’s recent fiscal update, which projects that the province will rack up $50.0 billion ...
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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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Debt-servicing costs—Alberta catching up to other provinces
Until recently, Albertans paid very little to service provincial debt. This represented a significant fiscal advantage over every other province that had to spend substantial amounts of money each year paying interest on their debt. ...