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  1. Poll says Albertans looking for a new fiscal direction in upcoming budget

    The Notley government is set to release its 2017 budget tomorrow. Barring any major surprises, it will contain spending-fuelled deficits as far out as the government provides projections. There’s also no indication that there will be any ...

  2. Budget season—Alberta and Ottawa must revert back to proven fiscal policies

    Budget season in Canada is now in full swing as governments unveil their tax and spending plans for the coming year and beyond. Two upcoming budgets deserve special attention: Alberta’s (March 16) and the federal government’s (March 22), ...

  3. Only 20.6% of Alberta’s $35 billion capital spending plan will pay for roads and bridges

    When the Notley government unveils Alberta’s 2017 budget next week, it will likely trumpet its multi-billion infrastructure spending plan as a way to grow Alberta’s faltering economy. That was certainly the message in the recent speech ...

  4. Spending increases continue to drive Alberta’s chronic deficits

    Appeared in the Edmonton Sun, January 27, 2017 Finance Minister Joe Ceci recently mused that Alberta’s deficit for 2016/17 may be lower than the eye-popping $10.8 billion projected in the Second Quarter Fiscal Update, due to higher than expected oil ...

  5. Alberta's Budget Deficit: Why Spending is to Blame, 2017

    Alberta is projected to run a deficit of $10.8 billion in 2016/17. This will be the province’s 8th deficit in nine years. The province is expected to return to a net debt position this year for the first time since 2000/2001. While the sharp ...

  6. The worst might be over for Alberta’s economy, but not for government finances

    Appeared in the Edmonton Journal, November 21, 2016 Albertans got some welcome news recently, when ATB Financial suggested that the worst of the oil price downturn is over and that oil prices would continue to increase in 2017.  This is, of course, ...

  7. How Texas avoided big deficits when oil prices fell

    Appeared in the Calgary Sun, November 17, 2016 A common myth holds that the deterioration of Alberta’s finances in recent years was inevitable due to falling commodity prices. After all, Alberta is an energy economy and, so the narrative goes, big ...

  8. One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta

    Prior to the recent fall in energy prices, the economies of Alberta and Texas enjoyed prolonged economic booms. The booms began in earnest in 2004, when real economic growth in the two jurisdictions reached approximately 5 percent. Although there have ...

  9. Don’t count on oil rebound to solve Alberta’s fiscal problems

    Appeared in the Edmonton Sun, October 19, 2016 It’s no secret Alberta’s public finances are deteriorating rapidly. The province is hemorrhaging $10 billion per year and poised to rack up debt at record speed. The provincial government urgently needs to ...

  10. It’s official—Alberta’s 2015/16 deficit larger than initially thought

    Appeared in the National Newswatch, July 14, 2016 There’s no doubt that 2015/16 was a bad year for Alberta’s public finances. And with the recent release of the provincial government’s 2015/16 annual report, we now know just how bad it was. According to ...