On May 24, 2015, Rachel Notley was sworn in as the 17th premier of Alberta, promising to usher in an era of governance inclusive of gender, race, indigeneity, and socio-economic status. Rebecca Graff-McRae looks at whether the NDP's budget lives up to its promises of real action on equity issues.
"There is no easy way out of Alberta’s fiscal mess," writes Parkland Institute Director Trevor Harrison. "Alberta must find new revenue streams and must break free of oil dependency. The transition will be hard."
Discussions about Alberta’s $10 billion deficit and estimated debt of $33 billion by 2018-19 have dominated the media since the introduction of Budget 2016. Parkland Institute Research Managers Ian Hussey and Rebecca Graff-McRae argue that revenue, not debt, is the immediate concern coming out of the budget.
Statement by Parkland Institute Executive Director Ricardo Acuña in response to Alberta Budget 2016.
Tax measure would help Alberta get back onto a solid financial footing
Alberta must bring in a harmonized sales tax. This is the conclusion reached by myself and 18 economists, political scientists, sociologists and other public policy experts in an article that recently ran in two major Alberta newspapers. Why did we say this?
Put simply, there is no realistic alternative if the province hopes to return to a balanced budget and pay for necessary services.
Despite dire warnings of financial catastrophe from the official opposition, Alberta's deficit and debt levels aren't a problem - at least not yet. Revenue, however, is a problem. Parkland Institute Research Manager Ian Hussey explains.
Here are six things from the new Parkland Institute report, Hard Math, Harder Choices: Alberta’s Budget Reality, that Albertans should know in advance of the October 27 release of the NDP government's Budget 2015.
New report finds budget woes deeper than commonly thought
A new report released today by Parkland Institute finds that the new NDP government has been left with a bleak fiscal reality as it prepares to table its first full budget on Tuesday, with a budget shortfall that could be twice as large as is commonly understood.
Alberta's Budget Reality
Barring unexpectedly rapid improvements in the energy sector, the Notley government will soon be forced to address the previous government's budgetary legacy; not only the massive revenue hole resulting from the precipitous drop in resource revenues that began in the fall of 2014, but also a structural deficit that emerged even when resource prices were high.
The claim that the Government of Alberta has a spending problem has been a widely held belief in our province for decades, but the claim of out-of-control spending doesn't stand up to scrutiny.