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Albertans will pay for Notley government spending choices
Earlier this month, Alberta unveiled its provincial budget. It was an opportunity for the Notley government to recognize the deterioration in provincial finances and adjust spending plans accordingly. Instead, it decided to double down ...
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Alberta budget confirms ‘revenue recycling’ is code for tax and spend
Appeared in the Calgary Herald, April 27, 2016 Last autumn, Alberta Premier Rachel Notley claimed that her government’s proposed carbon tax plan would be revenue neutral. This claim was widely discredited by economists who noted that the term “revenue ...
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Notley government doubles down on spending, refuses to change course
Appeared in the Huffington Post, April 22, 2016 “We are in a different situation than we were six months ago,” said Finance Minister Joe Ceci after unveiling Alberta’s 2016 budget. He’s right. Alberta’s fiscal outlook has worsened dramatically since the ...
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Chronic spending-driven deficits eroding Alberta’s financial position
Not so long ago, the Government of Alberta’s financial position was strong. In 2007/08 the province had net financial assets (the difference between financial assets and liabilities) amounting to $35 billion. In other words, the ...
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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 ...
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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 ...
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What to look for in Alberta’s budget
Premier Rachel Notley and Finance Minister Joe Ceci have dropped hints for Albertans in terms what will be in tomorrow’s budget. For instance, they have suggested the budget deficit will be more than $10 billion. Yet there are still ...
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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 ...
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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 ...
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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 ...