Provincial Prosperity

— Jun 15, 2021
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A New (Old) Fiscal Rule for Non-Renewable Resource Revenue in Alberta

A New (Old) Fiscal Rule for Non-Renewable Resource Revenue in Alberta is a new study that examines how Alberta’s budget deficits and mounting debt are due in part to its treatment of non-renewable resource revenue in the budget. The study recommends reinstating fiscal rules that require a certain amount of resource revenues be saved in order to stabilize provincial finances.

— Jun 8, 2021
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Ford Government Fiscal Policy Approach Mirrors that of McGuinty and Wynne

Ford Government Fiscal Policy Approach Mirrors that of McGuinty and Wynne finds that the current Ontario government is continuing the fiscal approach of the previous Wynne and McGuinty governments, excluding emergency COVID spending. In fact, according to 2021 budget forecasts, over the next three years government spending (minus interest costs) will increase by a cumulative total of 8.5 per cent compared to 6.6 per cent from 2010 to 2012.

— Apr 27, 2021
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Measuring Ontario’s Regional Prosperity Gap

Measuring Ontario’s Regional Prosperity Gap is a new study that compares average incomes in Ontario, Quebec and eight American states in the Great Lakes region. It finds that in 2019, Ontario’s GDP per person trailed neighbouring Michigan by nearly $4,000, and in fact, Ontario lags the regional average GDP per person by $16,607, or 27.1 per cent.

— Mar 23, 2021
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Lessons for the Ford Government from the 1995 Federal Budget

Lessons for the Ford Government from the 1995 Federal Budget is a new study that finds Ontario’s provincial net debt will equal 47 per cent of the provincial economy by the end of this year, and highlights how the current government can return to budget balance following the example of the 1995 Chrétien government reforms.

— Feb 18, 2021
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The Outlook for Growth in British Columbia’s Private Sector

The Outlook for Growth in British Columbia’s Private Sector finds that if governments in B.C. want to attract more tech companies and encourage entrepreneurship, they must implement significant policy changes to make the province more attractive to entrepreneurs and high-skilled workers.

— Feb 9, 2021
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Lessons for Fiscal Reform from the Klein Era

Lessons for Fiscal Reform from the Klein Era finds that today's Alberta government can learn some key lessons from the Klein reforms of the 1990s, which helped quickly eliminate the province's budget deficit and lay the foundation for more than a decade of surpluses.

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