Alberta and Texas – both energy-rich jurisdictions, both coming off economic booms due to falling oil prices, both feeling the pinch.
However, a new study from the Fraser Institute suggests that mismanagement and government spending has left Alberta in a worse slump than the Longhorn State.
Advertisement
"When you look at the fiscal situation in the two places, the story is quite different," Ben Eisen, co-author of One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta, told the Edmonton Journal.
"Texas is right now in much better fiscal condition than Alberta."
According to their findings, here's why Texas comes out on top:
Ascent Xmedia via Getty Images
Hero Images via Getty Images
Ascent Xmedia via Getty Images
Advertisement
NurPhoto via Getty Images
Topher Seguin / Reuters
ASSOCIATED PRESS
Advertisement
Todd Korol / Reuters
Bloomberg via Getty Images
Allan Baxter via Getty Images
Advertisement
The Fraser Institute