Government Spending & Taxes

— Feb 9, 2017
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Fiscal Consequences of Higher Spending on K-12 Public Schools in Canada

Fiscal Consequences of Higher Spending on K-12 Public Schools in Canada finds that governments across Canada could have collectively saved $12.7 billion in 2013/14—and lessened their debt and deficit burdens—if they had restrained spending increases on public schools to changes in enrolment and overall prices (inflation) during the previous decade.

— Feb 7, 2017
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A Federal Fiscal History: Canada, 1867-2017

A Federal Fiscal History: Canada, 1867-2017 tracks government spending and revenues from Confederation to the present and finds that, excluding wartime and recessions, the only time the federal government kicked off a deficit-spending spree and expanded the size and role of the federal government was in the mid-1960s and 1970s under prime ministers Lester Pearson and then Pierre Trudeau.

— Jan 26, 2017
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Alberta's Budget Deficit: Why Spending is to Blame, 2017

Alberta’s Budget Deficit: Why Spending Is To Blame, 2017 finds that the Alberta government could have posted a small budget surplus this year instead of a $10.8 billion deficit if successive governments had kept program spending increases in line with population growth and inflation.

— Jan 19, 2017
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Cost of Government Debt in Canada, 2017

The Cost of Government Debt in Canada, 2017 finds that paying the interest on all government debt in Canada cost taxpayers $62.8 billion last year, which translates into $1,752 for every Canadian or slightly more than $7,000 for a family of four. In fact, interest payments on just the federal debt—$24.9 billion—is roughly the same as the federal government’s projected deficit this year—$25.1 billion.

— Jan 5, 2017
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The End of the Alberta Tax Advantage finds that corporate and personal income tax hikes in Alberta last year have wiped away the crucial tax advantage that helped fuel the province’s economic prosperity for years. Corporate tax rates are now lower in B.C., Ontario and Quebec, and Alberta’s top combined marginal personal income tax rate went from the lowest in North America to the 16th highest among all province and states.

— Nov 17, 2016
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One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta

One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta finds that Alberta’s deficits and mounting debt are largely the result of undisciplined spending and fiscal mismanagement, not just a drop in energy prices. By comparison, Texas controlled spending during the energy boom of 2004 to 2014, and, partly as a result, ran five straight surpluses between fiscal years 2009 and 2013. Alberta, which increased spending at a greater rate than Texas, ran four deficits during that same five-year period, and has continued to run deficits in the years since, with the exception of a small surplus in 2014/2015. Further, Alberta doesn’t expect to balance the budget again until at least 2024.

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