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  1. 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, ...

  2. Government budgets are like volcanoes: It’s what underneath that counts

    Appeared in the Calgary Herald Imagine you’re near what you thought was a dormant volcano but it suddenly erupts. Assuming you escape, you might later reflect that there was nothing “sudden” about it. The eruption resulted from earlier events deep within ...

  3. The Texas Advantage over Alberta

    Appeared in the Calgary Herald Alberta and Texas have always had a lot in common. Ranching in the 19th century. A can-do entrepreneurial approach to oil and gas in the 20th century. And in the 21st century they are still somewhat similar; oil and gas ...

  4. A Tale of Two Energy Booms

    Non-renewable resource prices, especially oil prices, and associated revenues to governments have fallen significantly over recent months. This is not the first time such gyrations in oil and gas prices and then government revenues have occurred. Recent ...

  5. Alberta's opaque budget represents a failure to learn from the past

      If you listen to Alberta Finance Minister Doug Horner, the province's public finances are under control.  The government's budget imposes no new taxes, spending growth has been moderated, and Alberta is running an operational budget surplus ...

  6. Not your mother's budget surplus

    Appeared in the Calgary Herald When apologists for the provincial government's new borrowing binge defend it on the grounds that private sector companies borrow money for capital expenses so why not have the Alberta government do the same? their ...

  7. Alberta throws Jim Dinning's reforms overboard

    Appeared in the National Post and Calgary Herald For those who don’t normally read budget documents, here’s what the Alberta government just did in its 2013 budget: they abandoned the sensible budget and financial framework that former Progressive ...