Business community embraces UCP’s first Alberta budget

Business community embraces UCP’s first Alberta budgetAlberta’s UCP government delivered its first budget on Thursday afternoon, saying the “moderate” 2.8 per cent spending reduction over four years protects front-line services like health and education. The government said the budget will create the right conditions to bring jobs, growth and investment back to Alberta while getting the province’s fiscal house “in order…

Alberta government has few options for reducing costs: report

Any cuts must be made judiciously, taking into account the fact that services must be maintained at certain levels, says U of C report author

Alberta government has few options for reducing costs: reportShort of imposing a sales tax, and hampered by low energy revenues, the Alberta government has few options for reducing expenditures and making a dent in it’s $8.8-billion deficit, says a new report by the University of Calgary’s School of Public Policy. “The most obvious area for the new government to cut would therefore be…

Want better MLAs? Pay them more, not less

We discourage skilled and experienced people from entering elected public life, since seeking office means forgoing significant income and often involves significant sacrifice to their families

Want better MLAs? Pay them more, not lessRecently-announced pay cuts to members of Alberta’s legislature raise the important question of whether our elected representatives get paid too much or even enough. Outside of political considerations, the question of salaries is important because we link attracting talent to pay. With the new cuts, the Alberta premier will make around $167,000, cabinet ministers about…

Program spending key to balancing Alberta budget: Fraser Institute

Report says tax reform to regain the province’s former advantage across North America should be a priority

Program spending key to balancing Alberta budget: Fraser InstituteProgram spending cuts of 10.9 per cent over the next three years would balance the Alberta budget by 2021-2022, says a report released on Thursday by the Fraser Institute, a public policy think-tank. The cuts would be significant but the organization said it is substantially smaller than the reductions implemented by the government of Ralph…

Alberta deficit stands at $6.9B, $1.9B lower than forecasted

But the president of the Calgary Chamber expressed concern about a lack of broad-based government strategies to spur business

Alberta deficit stands at $6.9B, $1.9B lower than forecastedThe Alberta government said on Wednesday that the province's deficit remains well below projections with the third-quarter forecast coming in at $6.9 billion, a drop of $1.9 billion below the 2018 budget forecast. “The deficit is down and the path to balance is on track. Alberta has the strongest balance sheet in the country and…

Alberta deficit could reach $40 billion by 2040: U of C report

‘An aging population will increase government spending significantly and tax revenue will fail to keep pace’

Alberta deficit could reach $40 billion by 2040: U of C reportAlberta’s fiscal policies are unsustainable and the province’s deficit could reach $40 billion by 2040, says a new report by the University of Calgary’s School of Public Policy. The report, Alberta’s Long-Term Fiscal Future by economist Trevor Tombe, says the province has neither a revenue problem nor a spending problem. It has a budget problem.…

Inflated employee pay at the heart of Alberta government’s debt

From wages to benefits to job security to early retirement, government employee compensation must be constrained

Inflated employee pay at the heart of Alberta government’s debtBy Charles Lammam and Steve Lafleur The Fraser Institute Alberta’s public finances are in rough shape. The government of Premier Rachel Notley expects to run another budget deficit this year (estimated at $8.8 billion) and has no plan to balance the books until at least 2023-24. Since 2014-15, the province has added more than $33…

Help Alberta’s workers by cutting corporate taxes

Lowering corporate taxes means massive increase in business investment, higher wages for workers, lower prices for consumers

Help Alberta’s workers by cutting corporate taxesThis is a tale of two very different Alberta budgets and a lesson on the impact of corporate tax rates. In 2001, the Progressive Conservative government aggressively attacked the province’s corporate tax burden. “Alberta should respond to the worldwide trend to lower corporate income tax rates,” the budget document noted. “If we don’t, we risk…

Alberta sinks deeper into a sea of red ink

The more the government spends on servicing its debt, the less is left over for priorities that Albertans value such as health care

Alberta sinks deeper into a sea of red inkBy Steve Lafleur and Ben Eisen The Fraser Institute When people think of the long lost “Alberta Advantage,” they often think first about the province’s tax advantage over other provinces. Specifically, the 10 per cent single rate personal and corporate income taxes that prevailed until 2015. But Alberta enjoyed another fiscal advantage – all other…

Alberta buys another ticket on the resource revenue roller-coaster

Despite promises to end the reliance on resource royalties, Rachel Notley's government keeps piling up the debt and looking to the same revenue source

Alberta buys another ticket on the resource revenue roller-coasterBy Ben Eisen and Steve Lafleur The Fraser Institute Before forming government, Rachel Notley and the Alberta NDP vowed to get the province “off of the resource revenue roller-coaster.” So it’s ironic that now-Premier Notley’s third budget promises to take the province on yet another ride. Her government’s vague and risky “path to budget balance”…
1 2 3 4