Opportunity Lost? Alberta Is Facing Short- and Long-Term Financial Challenges Despite Its Oil Wealth

The Conference Board of Canada, 5 pages, February 2013
Executive Action Report by Todd A. Crawford, Alicia Macdonald
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Oil and gas are the source of a significant share of Alberta’s wealth, but are also the source of many of its fiscal problems. This executive action explores the challenges the province faces.

Document Highlights

Oil and gas are the source of a significant share of Alberta’s wealth, but are also the source of many of its fiscal problems. Opportunity Lost? Alberta Is Facing Short-and Long-Term Financial Challenges Despite Its Oil Wealth examines the challenges the province faces. For example, the discount on heavy Canadian crude oil prices has led to a drop in provincial royalty revenues, and the original vision of the Alberta Heritage Savings Trust Fund has been lost. And, despite the fact that Alberta’s economy is doing well, the province is facing a $4 billion budget deficit. This executive action argues that now is the time to rethink Alberta’s fiscal framework and introduce a more sustainable fiscal model.

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Opportunity Lost? Alberta Is Facing Short- and Long-Term Financial Challenges Despite Its Oil WealthRating:4.437500 out of5based on16 reviews.