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  1. Alberta's 2016 budget: Ignoring lessons from Alberta’s history

    Appeared in the Calgary Sun, April 15, 2016 Alberta’s 2016 budget confirmed provincial public finances are in bad shape. This year, the government expects to run an operating deficit of $10.4 billion (representing 3.3 per cent of provincial GDP). Alberta ...

  2. Alberta’s budget does not strike at root of province’s fiscal problems

    There’s no question that Premier Rachel Notley and her government were dealt a tough hand upon taking office when it comes to the state of provincial finances. Rapid spending increases by successive Progressive Conservative governments ...

  3. Notley following Wynne’s failed Ontario strategy on deficits and debt

    Appeared in the Calgary Sun, April 12, 2016 In her recent “kitchen table address” about the state of Alberta’s finances, Premier Rachel Notley confirmed her government will once again increase spending in 2016/17, despite the province’s deep deficit. It ...

  4. Alberta must hold the line on spending

    Appeared in the Calgary Sun, April 6, 2016 Alberta currently faces daunting fiscal challenges, including large annual deficits and mounting debt. Given the circumstances, next week’s budget must take decisive action to rein in spending and minimize the ...

  5. To limit the debt, Alberta must restrain spending

    Appeared in the Calgary Sun, March 31, 2016 This year, Alberta’s government will return to a net financial debt position for the first time since 1999/2000. It remains an open question, however, exactly how much debt Alberta will accumulate. Public ...

  6. How Much, How Fast? Estimating Debt Accumulation in Alberta Through 2019/20

    For the first time since the 1999/2000 fiscal year, the government of Alberta is poised to reach a negative net financial asset position in the 2016/17 fiscal year, down from a $35 billion net financial asset position in 2007/08. It is clear that the ...

  7. New sales tax wrong way to fight Alberta’s deficit

    Appeared in the Edmonton Journal, February 8, 2016 A group of Alberta-based academics recently published an op-ed claiming that “Alberta must bring in a harmonized sales tax” to eliminate the province’s budget deficit. The authors are correct that Alberta ...

  8. Cash from Ottawa won’t solve Alberta’s deficit problems

    Appeared in the Edmonton Journal, February 9, 2016 The federal government recently announced that it may provide up to $250 million to the Province of Alberta under a little-known fiscal stabilization program meant to assist provinces that see sharp ...

  9. Oil is a blessing for Alberta—not a curse

    Appeared in the Calgary Herald, January 27, 2016 Ever since oil prices began declining from historic highs, it’s become fashionable to claim that Alberta—and Canada—bet it all on oil and lost. It’s an “I told you so” narrative for those who view natural ...

  10. Beware of government debt growing under the radar in Canada

    As provincial governments release their budgets in the coming months, Canadians ought to be aware of how government debt can grow under the radar. News headlines usually focus on the size of the operating budget balance—that is, whether ...