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Kenney government must learn from fiscal mistakes—and successes—of the past
Alberta's deficit this year will be the largest in history, relative to the size of the provincial economy, at 6.9 per cent of GDP. ...
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Alberta’s reign as Canada’s fiscal leader is over—and Albertans will pay the price
Appeared in the Calgary Sun, February 17, 2021 As the Kenney government prepares to table its latest budget next week, Albertans should understand a cold reality. The province’s reign as a fiscal leader among the provinces is over. In 2020/21, the ...
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Rising debt-interest payments further threaten Alberta government’s deteriorating fiscal situation
Appeared in the Calgary Sun, December 9, 2020 Last week in this space, we outlined the Alberta government’s deteriorating finances, as spelled out in the Kenney government’s recent fiscal update, which projects that the province will rack up $50.0 billion ...
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Kenney government must reduce spending to right fiscal ship
Appeared in the Calgary Sun, December 2, 2020 Alberta’s government finances are in trouble. In its fiscal update last week, the Kenney government forecasted a historic deficit of $21.3 billion in 2020/21, with sizable deficits over the following two years ...
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Alberta fiscal update projects budget deficits over next three years—with consequences
According to the Kenney government’s mid-year update released on Tuesday, Alberta’s fiscal troubles are far from over. The update projects a $21.3 billion budget deficit in 2020/21, a $15.5 billion deficit in 2021/22 and a $9.9 billion ...
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Alberta should better align government-sector compensation with the private sector
In light of a projected $24.2 billion deficit, the Kenney government has asked unionized civil servants in Alberta to take a 4 per cent salary reduction this year. Alberta Finance Minister Travis Toews said the proposal “reflects the ...