Thanks to a windfall in resource revenue, Alberta is enjoying a period of surpluses. As the Smith government prepares to table its next budget on Feb. 28, it…
Governments in Alberta have often chosen the latter, spending windfall resource revenue as it came through the door, which only led back to deficits when such revenues inevitably declined. Indeed, this pattern contributed to the recent string of deficits from 2008/09 to 2020/21 —which led to $60 billion in provincial debt accumulation.
As estimated by economist Jack Mintz, the tax change would consume no more than about one-third of the current projected surplus , which could be replaced by ongoing revenue sources over time, for instance, by repatriating the federal consumer carbon tax for a made-in-Alberta approach.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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