Alberta’s Fiscal Future
In 2017-18, the Alberta’s budgetary deficit is forecast to be $10.3 billion and the province’s net debt will increase by $12.8 billion. The Parliamentary Budget Officer (2017) has projected that Alberta’s debt will continue to grow relative to GDP and concluded that the current fiscal policy in Alberta is not sustainable over the long term.
Parliamentary Budget Officer. “Fiscal Sustainability Report 2017” Ottawa, (October, 2017)
The Alberta’s Fiscal Future (AFF) project is a two-year research/public engagement initiative providing the public and policy makers with in-depth analyses of Alberta’s fiscal situation and policy options to address it. With the AFF project, The School of Public Policy will release a series of research papers on Alberta’s fiscal issues and hold three events. It will also engage the public through social media, radio and television interviews, op-eds, meetings with influential groups and government officials.
The research program is organized around three broad themes and a series of policy questions:
Author: Melville McMillan: Provincial Public Infrastructure Spending and Financing in Alberta: Searching for a Better Course
Author: Trevor Tombe: Alberta’s Long-Term Fiscal Future
Author: Melville McMillan: Fiscal Policy Trends: Alberta’s Government Spending: How Big a Problem?
Authors: Ronald Kneebone and Margarita Wilkins: 50 Years of Government of Alberta Budgeting
Author: F.L. (Ted) Morton: Why Alberta Needs a Fiscal Constitution
Author: Ergete Ferede: Alberta’s Fiscal Responses to Fluctuations in Non-Renewable-Resource Revenue
Author: Ergete Ferede: Fiscal Policy Trends: The Long-Term Consequences of Fiscal Responses to Resource Revenue Fluctuations
Authors: Philip Bazel, Daria Crisan, Bev Dahlby: Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt?
Authors: Bev Dahlby: Fiscal Policy Trends: The Path to Balance or the Road to Ruin, Analysis of Path to Budget Balance
Authors: Bev Dahlby: Fiscal Policy Trends: Commentary for the Provincal Budget March 22, 2018
Authors: Ron Kneebone and Margarita Wilkins: Social Policy Trends: Alberta Government Program Spending
Authors: Janice MacKinnon and Jack Mintz: Putting the Alberta Budget on a New Trajectory
The Origins and the Size of Alberta’s Fiscal Problem
- Ron Kneebone, Scientific Director, Social Policy and Health Program, The School of Public Policy, University of Calgary.
- Trevor Tombe, Associate Professor, Department of Economics, University of Calgary and Research Fellow, The School of Public Policy, University of Calgary
Infrastructure Spending and Public Sector Compensation
- Melville McMillan, Professor Emeritus, Department of Economics, and Fellow, Institute for Public Economics, University of Alberta
Richard Mueller, Professor, Department of Economics, University of Lethbridge
Fiscal Rules and Revenue Enhancement
- Jack Mintz, President’s Fellow, The School of Public Policy, University of Calgary
- Ted Morton, Executive-in-Residence, The School of Public Policy, University of Calgary
Presentation at the Economic Society of Alberta event, “The Pros and Cons of a Sales Tax for Alberta“
An important component of the AFF project are three public events that are meant to draw the public’s attention to the fiscal issues facing Alberta and what steps can be taken to address them. New events coming soon.
If you would like to be kept informed about the release of research papers, planning of events and are interested in contributing to the Alberta’s Fiscal Futures project, please contact:
Bev Dahlby, Research Director [email protected]