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.
Even if oil rebounds, the province could still face a structural deficit in the range of $4 billion to $5 billion in a few years
The Canadian Taxpayer’s Federation has a message for Alberta Premier Jim Prentice: "Be more like Ralph Klein." The CTF's
Economists liken falling gas prices to “an instant tax cut,” and if gas prices stay as low as they are, that “tax cut” will
The key question for the new premier is: will he follow the lead of former Premier Don Getty--and raise taxes as both the premier and finance minister are hinting--or Ralph Klein, who controlled spending and reduced taxes? The answer will affect the fortunes of all Albertans.
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?
Every man, woman and child in oil-rich Norway became a theoretical millionaire this week. The country’s oil fund — which
Canada’s provinces have been struggling to balance the books for years (some of them for decades), and with the economic
EDMONTON -- The 2013 Alberta budget will see no increase in overall day-to-day spending, but revenue shortfall means the