Alberta Debt

Alberta's Credit Rating Downgraded Again

CP | The Canadian Press | Posted 04.25.2016 | Canada Alberta

Finance Minister Joe Ceci calls the decision "disappointing."

Albertans Will Pay The Price For Notley's Accelerated Spending

Charles Lammam | Posted 04.22.2016 | Canada Alberta
Charles Lammam

The combination of worsening economic conditions and the government's refusal to change course on spending means Alberta will rack up debt more quickly, with a projected budget deficit of $28.9 billion over the next three years. For context, that's roughly 50 per cent more than currently sits in the Heritage Fund, a "nest egg" that took decades to build.

Alberta Finance Minister Says $10-Billion Deficit Is 'Manageable'

CP | Dean Bennett, The Canadian Press | Posted 04.13.2016 | Canada Alberta

The deficit is due to a steep drop in oil revenue.

Major Cuts Necessary To Fix Alberta's Debt Spiral: Wildrose

CP | Dean Bennett, The Canadian Press | Posted 04.13.2016 | Canada Alberta

"Interest payments will soon be the largest expense in government."

Alberta Budget To Include Funding For Seniors Housing

CP | Dean Bennett, The Canadian Press | Posted 04.12.2016 | Canada Alberta

"There's a significant investment."

Alberta PCs Challenge NDP To Cut $4 Billion In Spending

CP | The Canadian Press | Posted 04.04.2016 | Canada Alberta

They also want the government to establish a debt repayment plan.

Alberta Is Underestimating Its Debt, Study Warns

The Huffington Post Alberta | Sarah Rieger | Posted 03.31.2016 | Canada Alberta

Yikes.

Alberta Charities Hit Hard By Economic Downturn

CP | John Cotter, The Canadian Press | Posted 02.29.2016 | Canada Alberta

"We are nervous about what is coming.''

Alberta On Track For $10.4-Billion Deficit In Next Budget

CP | Dean Bennett ,The Canadian Press | Posted 02.24.2016 | Canada Alberta

"It's a lot. It's a helluva lot of money."

Auto Loan Delinquencies Climb In Alberta, Saskatchewan

CP | The Canadian Press | Posted 02.17.2016 | Canada Alberta

Rates are at the worst levels in four years.

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

HuffingtonPost.com | 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...