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  1. Government spending—the problem in Newfoundland and Labrador

    The public finances of Newfoundland and Labrador are in a bit of a pickle after a period that saw considerable improvement as the province benefitted from the offshore oil and gas boom. In the wake of the collapse of the cod fisheries in ...

  2. Spending choices, not a drop in oil prices, spurred Alberta’s chronic deficits

    Avoiding deficits during an oil boom should be a relatively straightforward proposition for governments in oil-rich jurisdictions. Unfortunately, that hasn’t been the case in Alberta. A recent Fraser Institute study compared how Alberta ...

  3. Chronic spending-driven deficits eroding Alberta’s financial position

    Not so long ago, the Government of Alberta’s financial position was strong. In 2007/08 the province had net financial assets (the difference between financial assets and liabilities) amounting to $35 billion. In other words, the ...