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Quarterly update highlights danger of riding rickety revenue rollercoaster
The Notley government’s failure to restrain spending is quickly growing Alberta’s debt burden. ...
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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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Four reasons why Alberta’s vague balance budget plan may fall short
Last month, when Finance Minister Joe Ceci unveiled Alberta’s 2018 budget, despite weeks stoking expectations of a detailed plan to eliminate the province’s budget deficit, he instead delivered a risky plan almost entirely reliant on ...
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Surprise—Alberta’s government debt burden is approaching Quebec’s
The recent provincial budgets released by the Quebec and Alberta governments are a study in contrasts of government debt. On one hand, Quebec has a high-debt government that’s aiming to reduce its debt burden. On the other hand, Alberta ...
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Another tough year for Alberta finances
Another year, another deficit. The Government of Alberta has run nearly uninterrupted deficits since 2008/09, and this year is no exception. In fact, that $10.3 billion deficit the province plans to run this year is just shy of the ...
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New report highlights Alberta’s long-term budget challenges
The PBO has given the Notley government another warning that spending is badly out of line with revenue. ...
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Notley following Rae’s fiscal model—and getting the same results
In 2015, Premier Notley’s incoming NDP government found itself at a crossroads when it came to handling Alberta’s deteriorating public finances. As detailed by a Fraser Institute study from that year, various past provincial NDP ...
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Alberta’s debt service costs set to double in just four years
According to Alberta Finance Minister Joe Ceci (pictured above), the Notley government won’t alter its fiscal plan even if credit agencies again downgrade the province’s credit rating. This is troubling, as it means that Alberta will ...
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Alberta’s net financial position has deteriorated by $68 billion in 11 years
Alberta Finance Minister Joe Ceci (pictured above) recently claimed that the provincial government will maintain its spending trajectory, regardless of whether the province suffers another credit downgrade. With the province having ...
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Budget 2017—Alberta government burning through assets at alarming rate
By now, Albertans have heard that for a second year in a row, the provincial government plans to run a budget deficit of more than $10 billion. While those numbers are especially large, the unfortunate reality is that budget deficits are ...