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Report paints bleak picture of Alberta’s fiscal future
The province's per-person spending is significantly higher than in Ontario, B.C. and Quebec. ...
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New report paints gloomy picture of Alberta’s fiscal future—absent policy change
According to the PBO, Alberta must reduce spending by 3.1 per cent of GDP to restore fiscal sustainability. ...
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Despite Alberta pleas, Trudeau government maintains ‘stabilization’ status quo
The program offset just 3.5 per cent of Alberta’s year-over-year revenue loss. ...
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Rising debt interest costs further threaten Alberta finances
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues. ...
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Alberta’s government debt interest costs continue to soar
According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24. ...
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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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Kenney should draw inspiration from Klein reforms and reduce spending quickly
Appeared in the Edmonton Sun, February 9, 2021 Back in the early 1990s, in the face of serious fiscal challenges, former premier Ralph Klein changed the trajectory of Alberta’s government finances and set the stage for a decade of fiscal stability. Today, ...
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Lessons for Fiscal Reform from the Klein Era
Alberta is facing serious fiscal challenges, including a historic deficit and rapid debt accumulation that extend beyond the COVID shock. This is not the first time Alberta’s finances have been in trouble. Today’s situation has parallels to the ...
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Kenney government must control spending to stop Alberta’s fiscal fall
Appeared in the Edmonton Sun, December 16, 2020 We recently released a study showing that the “fiscal capacity” gap between richer and poorer provinces has shrunk dramatically in recent years. In a nutshell, fiscal capacity refers to each province’s ...
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Alberta ‘fiscal capacity’ plummeting, Kenney government must react
Appeared in the Edmonton Journal, December 3, 2020 Many Canadians have long thought of their country as divided between affluent “have” provinces and poorer “have-nots.” The traditional dividing line has been whether a province receives equalization ...