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The rhetoric and the reality of Alberta's deficits in the 1980s, 1990s, and now

Author: Mark Milke; Fraser Institute (Vancouver, B.C.)
Publisher: Vancouver, B.C. : Fraser Institute, [2011]
Series: Studies in economic prosperity
Edition/Format:   eBook : Document : English
Summary:
The purpose of this papers is to review the rhetoric in Alberta's previous deficit era and compare it with that used today, because modern parallels exist. This paper will, as part of that review, note the fiscal status of the province and similarities to past patterns.
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Mark Milke; Fraser Institute (Vancouver, B.C.)
OCLC Number: 758080514
Notes: "August 2011."
Description: 1 online resource (58 pages).
Contents: Brief summary --
List of figures and tables --
Executive brief --
Introduction --
A short history of the last, long deficit era --
Deficit rhetoric in the 1980s, 1990s and now: a comparison. Parallel #1. "Alberta is not in debt"; Parallel #2. Both eras saw a net decline in provincial assets; Parallel #3. Capital and operating spending are seen as sacrosanct; Parallel #4. Promises of a balanced budget in four years; Parallel #5. The four-year budget target is missed; Parallel #6. (Another) false start on balanced books?; Parallel #7. Program expenditure growth outpaces revenue growth; Parallel #8. A significant rise in real per capita spending --
In the later 1980s, the political rhetoric begins to change --
The 1993 sea-change in rhetoric and action --
Summary of the switch in rhetoric: then versus now --
Looking ahead to a predicted balance budget: the failure of past spending forecasts --
Conclusion --
Recommendations --
Appendix 1. Interest costs and Alberta's foregone choices --
Appendix 2. The failed attempt to balance Alberta's books in the 1980s with tax increases and weakening of the Alberta Heritage Savings and Trust Fund --
References --
About the author --
Acknowledgements --
Publishing information --
About the Fraser Institute.
Series Title: Studies in economic prosperity
Responsibility: by Mark Milke.
More information:

Abstract:

The purpose of this papers is to review the rhetoric in Alberta's previous deficit era and compare it with that used today, because modern parallels exist. This paper will, as part of that review, note the fiscal status of the province and similarities to past patterns.

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