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  1. Alberta’s government debt interest costs continue to soar

    According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24. ...

  2. Kenney government must learn from Alberta’s fiscal freefall

    Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta. ...

  3. 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 ...

  4. Another pipeline setback, another blow to Alberta government finances

    Appeared in the Calgary Sun, June 10, 2020 Alberta’s fiscal situation has been deteriorating for a decade, and the COVID-induced recession has dealt another major blow to the province’s finances. Premier Kenney recently predicted the budget deficit could ...

  5. Mounting government debt threatens Alberta’s fiscal status among provinces

    Appeared in the Edmonton Journal, May 5, 2020 Recently, RBC Economics published a report on provincial finances. The report, which is clear, concise and highly informative, estimates that all the provinces taken together will this year run a cumulative ...

  6. 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 ...

  7. Alberta’s bleak economic outlook will hasten the decline of provincial finances

    Appeared in the Calgary Sun, April 22, 2020 Due to COVID-19, with many Albertans sheltering in place to avoid spreading the disease, the province’s economy is obviously taking a huge hit. And we also face a global oil glut, which made historic headlines ...

  8. Alberta careening towards fiscal disaster

    Appeared in the Calgary Sun, March 11, 2020 Successive Alberta governments have mismanaged the province’s finances for decades. The recent oil price drop and stock market crash means Alberta’s finances, already in trouble, are now potentially careening ...

  9. Alberta’s finances still rapidly eroding

    The Government of Alberta has been burning through financial assets at an alarming pace ever since the 2008 financial crisis. While the provincial economy quickly recovered from that short-but-deep recession, successive governments still ...

  10. At this rate, Alberta’s debt could look like Ontario’s in a decade

    Appeared in the Edmonton Journal, February 4, 2020 Alberta has a reputation for being a low-debt jurisdiction. In fact, heading into the 2008-09 financial crisis, the province had amassed $35 billion in net financial assets. In other words, unlike every ...