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Alberta needs robust fiscal rules that survive tough times
By making fiscal rules constitutional in nature, governments can protect them from being ignored. ...
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Alberta needs new (old) rule to stabilize government resource revenues
In 2020/21, Alberta’s non-renewable resource revenue will comprise only 4.7 per cent of provincial revenue. ...
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Kenney shouldn’t bank on resource revenues to balance budget—despite high commodity prices
A reliance on non-renewable resource revenue has caused trouble for the provincial finances for decades. ...
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Spending reductions key to Kenney government fiscal plan
Appeared in the Calgary Sun, January 6, 2021 The largest global recession since the Great Depression, an unprecedented drop in energy prices, and a global health pandemic have contributed to Alberta’s historic $21.3 billion budget deficit, explains ...
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Alberta’s finances—back to the ’90s?
During the early 1990s, the federal government and many provinces faced fiscal challenges so daunting that many described the situation as a crisis. As governments across the country run historically large deficits in response to the ...
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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 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 ...