Search
Search results
-
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 ...
-
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 ...
-
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 ...
-
Alberta fiscal update projects budget deficits over next three years—with consequences
According to the Kenney government’s mid-year update released on Tuesday, Alberta’s fiscal troubles are far from over. The update projects a $21.3 billion budget deficit in 2020/21, a $15.5 billion deficit in 2021/22 and a $9.9 billion ...
-
Alberta’s government debt was unsustainable—before COVID
Appeared in National Newswatch, November 12, 2020 The Kenney government will release a three-year fiscal update later this month, and will be tempted to blame Alberta’s fiscal challenges on COVID-19. While the COVID-induced recession has certainly ...
-
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 ...
-
High spending and persistent deficits have driven Alberta’s government debt problem
The Kenney government is asking Albertans for input on how to tackle the province’s growing debt and begin a path towards a more prosperous future. But before determining a path forward, it’s necessary to understand the province’s fiscal ...
-
Alberta’s historic budget deficit underscores daunting fiscal challenges
The Kenney government Thursday released a fiscal update, which includes a historic $24.2 billion budget deficit, highlighting the significant impact the COVID recession has had on Alberta’s already troubling finances. To address these ...
-
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 ...
-
Kenney government must continue move towards balanced budget
To make matters worse, Alberta recently received its third credit downgrade since December. ...