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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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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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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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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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Lessons for Fiscal Reform from the Klein Era
Alberta is facing serious fiscal challenges, including a historic deficit and rapid debt accumulation that extend beyond the COVID shock. This is not the first time Alberta’s finances have been in trouble. Today’s situation has parallels to the ...
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Kenney can’t become complacent about Alberta’s government debt
Appeared in the Calgary Sun, February 3, 2021 The COVID recession and recent drop in oil prices, which contributed to a historic $21.3 billion projected provincial budget deficit (for 2020/21), sent the Kenney government’s plan to balance Alberta’s budget ...
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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 ...