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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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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’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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Alberta key reason for Canada’s pre-COVID fiscal strength
Appeared in the Edmonton Sun, November 25, 2020 During COVID and the recession, the Trudeau government has been racking up debt at a record pace. Many analysts have raised concerns about the speed of this debt accumulation. Key members of the government, ...
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Measuring the cost of equalization to Albertans
Last week, the much-anticipated report of Alberta’s “Fair Deal” panel was finally published. The panelists were charged with offering suggestions for how the governments of Alberta, Canada and other provinces can make the arrangements of ...
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Canada still relies on its wounded golden goose
Appeared in the Calgary Sun, April 29, 2020 Albertans have suffered tremendous economic pain in recent years. Steep recessions in 2009 and 2015/2016 (which was among the worst recessions in provincial history) rocked the province and the recovery has been ...
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A Friend in Need: How Albertans Continue to Keep Federal Finances Afloat, 2020
In studies published in 2017 and 2019, we measured Alberta’s net contribution to Canada’s economy during the most recent economic boom in the province. The first of these studies showed that when it comes to overall economic growth, job creation, ...