It’s a hard thing for most governments to avoid messing up a good thing.
Not only do they consume billions of dollars that could be used to hire more frontline workers, they create reams of needless paperwork, the filling out of which consumes gobs of time for frontline workers every day.
No, there is one line in Horner’s ledgers released Thursday that explains most of the Alberta government’s fiscal success. In the 2022 budget, revenues from oil and gas were forecast to be $13.8 billion. Yet, thanks to higher than expected prices, provincial energy revenues came in at $25.2 billion. But they couldn’t hold the line on spending. The $11.1-billion surplus the province rang up would have been higher still had it not spent $2.4 billion more than it promised to in the previous budget.
If you think the UCP are spendthrifts, just imagine the cascade of public spending that would have occurred had the NDP been in power when the current energy windfall gushed in.
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