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Alberta government should use unexpected windfall to stop resource rollercoaster
By limiting the amount of resource revenue included in the budget, the fund could restore discipline to government spending. ...
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Repairing Alberta's Heritage Fund for the Long Term
In 1976/77, Alberta’s Heritage Savings Trust Fund was created to save a share of the province’s resource wealth so as to provide benefits to Albertans in the future. Unfortunately, the Heritage Fund has been limited in its ability to do so as consistent ...
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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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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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Massive budget deficit means Kenney government must further reduce spending
Appeared in the Edmonton Sun, August 28, 2020 The Kenney government Thursday released a fiscal update, which includes a massive budget deficit of $24.2 billion in 2020/21, more than triple the pre-recession forecast of $6.8 billion. While the COVID ...
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Equalization is broken and needs fixing now
Appeared in the National Post, June 18, 2020 While the full extent of the damage is not yet known, the economic consequences of the COVID recession have been severe. Millions are now unemployed and countless businesses have been shuttered, some forever. ...
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Equalization and Stabilization Post-Recession: Is Canada Ready?
Is Canada’s existing system of federal transfers designed to respond adequately to economic volatility across the country and more precisely to rapid changes in relative income levels across provinces? The purpose of this paper is to investigate this ...
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Why Is Equalization Still Growing?
Equalization is a federal government program that aims to provide all Canadians with access to comparable public services at comparable levels of taxation. To do this, it transfers federal tax dollars collected from taxpayers across the country directly ...