Search
Search results
-
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 ...
-
Government debt-interest payments already hurting Albertans
Appeared in the Calgary Sun, February 5, 2020 Over the past decade, much has been made of the rapid deterioration of Alberta’s government finances—and with good reason. As recently as 2014/15, Alberta had no net debt at all, meaning the province’s ...
-
At this rate, Alberta’s debt could look like Ontario’s in a decade
Appeared in the Edmonton Journal, February 4, 2020 Alberta has a reputation for being a low-debt jurisdiction. In fact, heading into the 2008-09 financial crisis, the province had amassed $35 billion in net financial assets. In other words, unlike every ...
-
Controlling government-sector salaries key to Kenney’s deficit-reduction plans
Appeared in the Calgary Sun, January 29, 2020 It’s almost budget season in Canada and the Kenney government is working on its next provincial budget. Alberta, once Canada’s poster boy for fiscal strength, has run budget deficits in 10 of the past 11 years ...
-
Government debt—the burden on Albertans continues to grow
At quick glance, you might think Albertans are fortunate to have a relatively low provincial debt burden. But that’s an incomplete and perhaps misleading story. In reality, the debt burden for Albertans is growing quickly. Of course, the ...
-
Complacency about Alberta’s debt is a dangerous mistake
Appeared in the Edmonton Sun, January 22, 2020 Alberta is racking up debt faster than any other province in Canada, and proponents of complacency are making a dangerous mistake. It’s widely known that Alberta’s finances are a mess. This year, the ...
-
Painful decade for Alberta finances finally over
Appeared in the Edmonton Journal, January 7, 2020 As we begin the 2020s, let’s hope it’s a better decade for Alberta government finances, which took a beating over the last 10 years. Here’s a quick recap. The province entered the decade in an enviable ...
-
Alberta’s reform budget in perspective
Much has been made about the recent Alberta Budget, which proposes to reduce provincial government program spending (all spending excluding interest costs) from $54.4 billion in 2018-19 to $53.5 billion by 2022-23, a 1.6 per cent nominal ...
-
What’s Changed, By How Much, and What Remains to be Done: An Analysis of Alberta’s Budget
Since 2008/09, Alberta has run a nearly uninterrupted string of budget deficits. This bulletin analyzes the recently tabled 2019 Alberta budget to assess the extent to which it represents a change of course from the policy approach that has ...
-
Alberta ready for another ride on the Resource Revenue Roller-coaster
Appeared in Maclean's, December 4, 2019 Alberta’s government finances are in shambles. Last year, the province ran a $6.7 billion operating deficit. Even this deficit number, however, understates Alberta’s fiscal woes because last year the government ...