Alberta Debt

Hard-Hit Alberta Slammed With 2 More Economic Challenges

CP | Dean Bennett, The Canadian Press | Posted 01.22.2016 | Canada Alberta

"Today has been a very tough day indeed."

Alberta's Debt Limit Is Likely To Be Blown This Year: DBRS

CP | Dean Bennett, The Canadian Press | Posted 01.21.2016 | Canada Alberta

"We will not make reckless cuts that would simply make a bad situation worse."

Alberta's Credit Rating Downgraded To AA+

CP | The Canadian Press | Posted 12.18.2015 | Canada Alberta

Standard and Poor dropped the province's rating one notch.

Government Had Little Choice But To Borrow Money: Notley

CP | The Canadian Press | Posted 10.28.2015 | Canada Alberta

Notley was making her first comments on the budget that was presented Tuesday by Finance Minister Joe Ceci.

Here Are The Winners And Losers Of Alberta's New Budget

CP | The Canadian Press | Posted 10.27.2015 | Canada Alberta

Alberta's NDP government tabled its first budget Tuesday.

Finance Minister Calls Alberta Spending A 'Shock Absorber'

CP | Dean Bennett, The Canadian Press | Posted 10.28.2015 | Canada Alberta

Ceci said: "I think Albertans will continue to be proud that we are building a province that will take us far beyond this recession and lift us back to the good times we've all enjoyed.''

Alberta Will Borrow Money Next Year To Keep The Lights On: Budget

CP | The Canadian Press | Posted 10.27.2015 | Canada Alberta

The NDP government will forge ahead, at a steep price.

Half Of Albertans Living Paycheque To Paycheque: Survey

Huffington Post Alberta | Sarah Rieger | Posted 09.10.2015 | Canada Alberta

40 per cent of Albertans feel overhwelmed by their debt.

'Albertans Are In The Deepest Debt'

CP | Lauren Krugel, The Canadian Press | Posted 05.31.2015 | Canada Alberta

CALGARY - The Racette family is on a cash-only diet for the next four years.Dale Racette, a truck driver, and his wife, a school bus driver, are tryin...

Opaque Budget Represents Failure To Learn From The Past

Sean Speer | Posted 05.12.2014 | Canada Alberta
Sean Speer

How can regular Albertans hold their government to account and have a debate about priorities and trade-offs when the province's Auditor General can't even determine the true state of the government's finances?

Not Your Mother's Budget Surplus

Mark Milke | Posted 05.12.2014 | Canada Alberta
Mark Milke

Beyond higher taxes or more debt, there has always been another option: prudent spending. However, that is something the Alberta government has been less than adept at in some years. For instance, had the province increased program spending after 2005/06 and to 2012/2013 but only in line with inflation and population growth, it would have spent $22 billion less compared to what it actually sent out the door.

Debt Debate To Resume Monday

CP | Dean Bennett, The Canadian Press | Posted 05.02.2014 | Canada Alberta

EDMONTON - Alberta politicians return to work Monday at the legislature to resume what is becoming an annual political-existential debate over the def...

Daniel Tencer

Everyone In This Country Now A Millionaire Thanks To Oil | Daniel Tencer | Posted 01.06.2015 | Canada Business

Every man, woman and child in oil-rich Norway became a theoretical millionaire this week. The country’s oil fund — which collects taxes from oi...

The Bitumen Bubble: Redford Needs To Bite The Bullet

Vincent St. Pierre | Posted 03.26.2013 | Canada Alberta
Vincent St. Pierre

Either you raise taxes or cut services to millions of Albertans. Or both. You can't make a balanced budget exist out of no where, although the  Redford Conservatives have tried by calling their previous budget balanced by excluding capital funding. Skirting the fundamental problems with Alberta's governing party can only go so far and a part in government can only run around the issue for so long before reality hits.

WATCH: Redford Warns Of $6 Billion Oil Shortfall In Speech

CP | Dean Bennett, The Canadian Press | Posted 03.26.2013 | Canada Alberta

EDMONTON - Alberta Premier Alison Redford, in her first TV address, warned Thursday of tough fiscal times and multibillion-dollar revenue shortfalls d...

Alberta Infrastructure Debt: Borrowing Exchanges Klein Prudence For Sweetheart Union Deals

Mark Milke | Posted 01.19.2013 | Canada Alberta
Mark Milke

If there was any confidence that Alberta's government would avoid imitating the failed policies of other provinces -- think of Quebec and Ontario and their massive debts -- that faint hope for continued Alberta exceptionalism was kiboshed at the recent Progressive Conservative convention in Calgary.

Cabinet Ministers Call Alberta Wildrose Hypocritical Over Government Debt

CP | Dean Bennett, The Canadian Press | Posted 01.13.2013 | Canada Alberta

EDMONTON - Two Alberta Tory cabinet ministers say politicians from the Opposition Wildrose party are self-serving hypocrites trained in "flea-market" ...

Smith: Redford Has No Mandate To Take Alberta Into Debt

CP | Dean Bennett, The Canadian Press | Posted 01.12.2013 | Canada Alberta

EDMONTON - Premier Alison Redford's plan to take on debt puts Alberta on the same slippery slope of budget-busting jiggery-pokery that sent Greece ove...

Euro-Style Debt Crisis Could Hit Canada: Report

The Huffington Post Canada | Daniel Tencer | Posted 10.18.2012 | Canada Business

Canada could face a eurozone-style debt crisis in the coming decades if provinces don’t fix their finances, says a new report from the Macdonald-Lau...

Alberta Reacts To Budget Deficit On Twitter

The Huffington Post Canada | Posted 08.31.2012 | Canada Alberta

The recent announcement by Finance Minister Doug Horner that Alberta maybe looking at a budget deficit as large as $3 billion this year has touched a ...

What Do You Think Of This Bomb Shell? Take Our Facebook Poll

The Huffington Post Canada | Posted 10.31.2012 | Canada Alberta

The province announced yesterday that their projected budget deficit may actually be more than 300% higher - or as much as $3 billion - than originall...

Alberta Falls Deeper In Debt

CP | Dean Bennett, The Canadian Press | Posted 10.30.2012 | Canada Alberta

EDMONTON - Falling oil revenues and a volatile global marketplace are hammering Alberta's bottom line and may leave taxpayers with a deficit as large ...

Politicians Pass the Buck with B.C. Debt

Jordan Bateman | Posted 05.02.2012 | Canada
Jordan Bateman

Debt can be turned around, and one need only look to former Alberta premier Ralph Klein to see how. The government needs to restructure itself, ensuring it is lean and efficient, and only does the things that governments should be doing -- no frills, please.