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1. Quarterly update highlights danger of riding rickety revenue rollercoaster

   The Notley government’s failure to restrain spending is quickly growing Alberta’s debt burden. ...

2. 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 ...

3. 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 ...

4. 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 ...

5. 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 ...

6. 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 ...

7. 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 ...

8. Alberta private sector improving but government finances remain in bad shape

   Dave Mowat, president of ATB Financial, said recently that Alberta’s economy was “turning the corner” after a difficult year in 2016. His comment came as the Crown Corporation released its financial results for the past fiscal year. ...

9. 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 ...

10. 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 ...