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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 ...
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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 ...
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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 ...