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Report paints bleak picture of Alberta’s fiscal future
The province's per-person spending is significantly higher than in Ontario, B.C. and Quebec. ...
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Alberta needs new (old) rule to stabilize government resource revenues
In 2020/21, Alberta’s non-renewable resource revenue will comprise only 4.7 per cent of provincial revenue. ...
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Kenney shouldn’t bank on resource revenues to balance budget—despite high commodity prices
A reliance on non-renewable resource revenue has caused trouble for the provincial finances for decades. ...
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Spending reductions key to Kenney government fiscal plan
Appeared in the Calgary Sun, January 6, 2021 The largest global recession since the Great Depression, an unprecedented drop in energy prices, and a global health pandemic have contributed to Alberta’s historic $21.3 billion budget deficit, explains ...
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Kenney government must control spending to stop Alberta’s fiscal fall
Appeared in the Edmonton Sun, December 16, 2020 We recently released a study showing that the “fiscal capacity” gap between richer and poorer provinces has shrunk dramatically in recent years. In a nutshell, fiscal capacity refers to each province’s ...
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Alberta ‘fiscal capacity’ plummeting, Kenney government must react
Appeared in the Edmonton Journal, December 3, 2020 Many Canadians have long thought of their country as divided between affluent “have” provinces and poorer “have-nots.” The traditional dividing line has been whether a province receives equalization ...
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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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Alberta’s debt may eclipse 100 per cent of GDP
Up until 2016/17, the Government of Alberta had no net debt. That is, its financial assets (such as the Heritage Fund) were greater than its liabilities. The province burned through $35 billion of financial assets beginning in 2008/09, ...
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Interest on Alberta government debt is skyrocketing
Appeared in the Whitehorse Daily Star, June 11, 2018 When people think of the long lost “Alberta Advantage,” they often think first about the province’s tax advantage over other provinces, specifically, the 10 per cent single rate personal and corporate ...
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Why Is Alberta’s Deficit Still So Big?
Main Conclusions The Government of Alberta has run nearly uninterrupted deficits since 2008/09 including deficits expected to average over $9 billion annually between 2016/17 and 2018/19. Alberta’s deficit today is much larger than the deficit the current ...