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Canada’s Past Fiscal Leaders Are Now Fiscal Laggards: An Analysis of 2017 Provincial Budgets
Around the turn of the 21st century, Alberta and Ontario could both boast of having comparatively sound public finances relative to most other provinces. In recent years, however, serious fiscal problems have emerged in both provinces. Alberta and Ontario ...
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Premier Notley choosing the wrong NDP premier to emulate
Appeared in the Calgary Sun, Aug 10, 2017 None of us can control all the circumstances we face. What we can control, is how we respond to challenges. These choices often make the difference between positive and negative outcomes. It’s no different for ...
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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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Debt becoming the new normal in Alberta
Appeared in the Edmonton Journal, July 21, 2017 Recently, the Government of Alberta published its annual report on the state of public finances for 2016/17. The report showed that Alberta’s provincial net debt (a measure that adjusts for financial assets ...
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Alberta’s run of deficits tower over Ontario’s worst
Appeared in the Financial Post, May 30, 2017 Over the past decade, Ontario emerged as the poster child for poor fiscal management in Canada, due largely to the province’s deep run of deficits. However, thanks to a decade of rapid spending growth and ...
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Race to the Bottom: Comparing the Recent Deficits of Alberta and Ontario
Alberta’s public finances are deteriorating rapidly, with the provincial government set to run a cumulative budget deficit of $27.6 billion over the three-year period from 2015/16 to 2017/18. Until recently, by far the largest deficits of any ...
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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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Notley government at two years—too much Rae, not enough Romanow
Appeared in the Calgary Herald, May 12, 2017 Just over two years ago, Rachel Notley became the 17th Premier of Alberta. Upon taking office, Premier Notley’s government was confronted with serious fiscal challenges. Oil prices were down, the economy was ...
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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 ...