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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 deficit hit $8 billion despite improving resource revenues
The Government of Alberta released its 2017/18 annual report Thursday, closing the book on the 2017/18 fiscal year. According to the report, the deficit for the fiscal year turned out to be $2.5 billion less than initially anticipated ...
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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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Alberta’s 2018 budget—a breathtaking exercise in complacency
Yesterday, the Alberta government released its budget for the 2018/19 fiscal year. The document is essentially a status quo budget, which promises continued nominal spending growth over the rest of its fiscal plan (though more moderate ...
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Another day, another Alberta credit downgrade
On Wednesday, ratings agency DBRS downgraded the Government of Alberta’s credit rating from AA (high) to AA, maintaining a negative outlook for the provincial government’s finances. It seems that the Notley government’s slightly revised ...
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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 in net debt for the first time in nearly 20 years
The Government of Alberta released its 2016/17 Annual Report last week. The official deficit for that fiscal year totalled roughly $10.8 billion, bringing the province into a net debt position for the first time in nearly 20 years. The ...
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Alberta leads the country in spending growth
Premier Rachel Notley's NDP government inherited a difficult set of fiscal circumstances when it came into power just over two years ago. The new government faced a big budget deficit, caused by a combination of rapid spending ...
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Albertans endure abysmal wait times despite 191% health-care spending increase over 15 years
Another budget, another round of growth in health-care spending in Alberta. The projected 3.2 per cent increase in health-care spending this year may sound reasonable at face-value since it’s generally in line with population growth and ...