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Rae Days in Alberta: The Notley Government at Two Years
When Premier Notley took office two years ago in Alberta, her new government faced severe fiscal challenges. The province had a large and growing budget deficit and was headed towards net debt status for the first time in approximately 15 years. It was ...
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Alberta finance minister fear-mongers after credit rating downgrade
Appeared in the Calgary Herald, June 2, 2017 Last week, Standard & Poor’s (S&P) announced it was once again downgrading Alberta’s credit rating—this time, by two notches, from AA to A+. No surprise, given that ratings agencies warned this could ...
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Show us the plan, Minister Ceci
Appeared in the Edmonton Journal, May 13, 2017 In a recent conference call with reporters, Alberta Finance Minister Joe Ceci said his government “has a clear plan to return [the budget] to balance.” This is news to Albertans, since the latest budget only ...
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Saskatchewan has a plan to balance its budget, Alberta doesn’t
Appeared in the Calgary Sun, March 27, 2017 Alberta and Saskatchewan are energy-rich jurisdictions that fell on hard times as commodity prices fell. And both jurisdictions face significant fiscal challenges, with large budget deficits and substantial debt ...
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Saskatchewan and Alberta—two vastly different fiscal paths
Earlier today, Premier Brad Wall’s government in Saskatchewan tabled its budget for 2017/18. It was impossible not to immediately notice some obvious points of contrast between this document and the budget tabled by Premier Rachel Notley ...
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Alberta’s 2017 budget—a bad case of déjà vu
Appeared in the Calgary Herald, March 20, 2017 Many of us are guilty of failing to learn lessons from the past and then going on to repeat avoidable mistakes. Alberta’s 2017 budget is a prime example of this at the government level. Call it a bad case of ...
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Alberta’s budget will make life worse—not better
Appeared in the Edmonton Sun, March 20, 2017 Alberta’s 2017 budget address is subtitled “Working to Make Life Better.” Unfortunately, the budget lays out a path towards higher taxes and more spending-fuelled deficits and debt. Let’s start with the eye ...
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Albertans endure abysmal wait times despite 191% health-care spending increase over 15 years
Another budget, another round of growth in health-care spending in Alberta. The projected 3.2 per cent increase in health-care spending this year may sound reasonable at face-value since it’s generally in line with population growth and ...
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Budget 2017—Alberta government burning through assets at alarming rate
By now, Albertans have heard that for a second year in a row, the provincial government plans to run a budget deficit of more than $10 billion. While those numbers are especially large, the unfortunate reality is that budget deficits are ...
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Alberta’s 2017 budget—a decade of fiscal deterioration with no end in sight
Ten years ago, Alberta’s finances were in good shape. What a difference a decade makes. Despite high oil prices in many years since 2007/08, the province has run a nearly uninterrupted string of deficits ever since primarily due to rapid ...