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  1. 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 ...

  2. Spending drives Alberta’s chronic deficits

    Alberta Finance Minister Joe Ceci (pictured above) just released the provincial government’s Third Quarter Fiscal Update and unfortunately the news isn’t good. The province now expects the operating deficit to reach $6.3 billion in 2015 ...

  3. Alberta’s credit downgrade a wakeup call to change course

    Appeared in the Calgary Herald, December 26, 2015 Last week, Alberta Finance Minister Joe Ceci was handed some disappointing news in advance of the holidays. Standard and Poor’s, a prominent government credit rating agency, downgraded Alberta’s rating, ...

  4. Oil prices aren’t to blame; Alberta’s budget misdiagnoses the problem

    Appeared in the Toronto Sun, November 2, 2015 If the first step towards remedying a problem is admitting that you have one, Alberta is a long way away from fixing its budget woes. Indeed, Finance Minister Joe Ceci took every opportunity in his recent ...

  5. Are the oil price forecasts in Alberta’s budget too optimistic? 

    A sub-plot in Alberta’s recent budget is whether the government’s oil price forecasts—and thus revenues derived from this source—are too optimistic. Of course, forecasting oil prices is fraught with difficulty, as evidenced by the wide ...

  6. Alberta’s true deficit is larger than you think

    While the headlines on Alberta’s recent budget focused on the planned $6.1 billion deficit this year, the reality is that the true deficit will be even larger. The reason relates to a critical distinction between an operating budget and ...

  7. Alberta’s budget further indication Notley government following Rae’s NDP model

    A recent Fraser Institute study demonstrated that Roy Romanow’s NDP government in Saskatchewan during the 1990s is a useful model for Rachel Notley’s NDP government in Alberta to follow in its efforts to eliminate a large budget deficit ...

  8. Are deficits the new normal in Alberta?

    The Notley government introduced its long awaited first budget today, and in line with expectations, the budget forecasts a $6.1 billion deficit for this fiscal year. The budget also forecasts deficits in the next three years, which will ...

  9. What to look for in today's Alberta budget

    Finance Minister Joe Ceci will unveil Alberta’s long awaited budget today. While Premier Rachel Notley (pictured above) has hinted the budget won’t contain “any big surprises,” there will be many important details to sift through. How ...

  10. Tackle Alberta’s deficit by cutting spending—not raising taxes

    On Tuesday, the Alberta government will release a budget with a projected deficit of at least $5.9 billion this year, the seventh deficit in eight years. And just the other day, the government announced the budget won’t be balanced until 2019/20. ...