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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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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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Kenney government should learn from past deficit-reduction plans
Appeared in the Edmonton Sun, August 12, 2020 The Government of Alberta is racking up debt—quickly. The province has accumulated $35 billion in new debt over the past half-decade and will run another $20 billion budget deficit this year. If the Kenney ...
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Kenney government must continue move towards balanced budget
To make matters worse, Alberta recently received its third credit downgrade since December. ...
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Another credit downgrade highlights urgent need for spending reform in Alberta
The Government of Alberta’s credit rating was recently downgraded for the third time since December. The ratings agency, Fitch, noted that “ additional policy responses ” will be required to right the province’s finances. Credit ...
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Alberta facing possible third recession in a little more than a decade
It’s no secret that Albertans have suffered a great deal of economic pain in recent years. Sharp recessions that began in 2009 and 2015 caused unemployment and hardship across the province. Although Alberta experienced a strong recovery ...
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Alberta careening towards fiscal disaster
Appeared in the Calgary Sun, March 11, 2020 Successive Alberta governments have mismanaged the province’s finances for decades. The recent oil price drop and stock market crash means Alberta’s finances, already in trouble, are now potentially careening ...
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Kenney government fails to restore Alberta’s income tax advantage
Appeared in the Edmonton Sun, March 4, 2020 In six short years, Alberta has gone from having the lowest top combined federal/provincial or federal/state personal income tax (PIT) rate in Canada or the United States to having one of the highest. The Kenney ...
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Kenney buys another ticket for the resource roller-coaster
Appeared in the Edmonton Journal, March 3, 2020 The Kenney government has promised to balance the budget by 2022/23. Its plan to get there, however, relies on rapid increases in natural resource revenues. In other words, the government plans to take ...
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Kenney government faces more hard choices with second budget
Appeared in the Calgary Sun, February 26, 2020 Former heavyweight boxing champion Mike Tyson once famously said “everyone has a plan until they get punched in the mouth.” In other words, it’s often easier to devise a plan for success than it is to ...