Alberta Fiscal Snapshot: Summer 2017

The Conference Board of Canada, 11 pages, July 26, 2017
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This “fiscal snapshot” looks at the state of Alberta’s economy and its government’s fiscal challenges, and provides a short- and medium-term outlook for the province.

Document Highlights

  • Alberta’s economy will be a growth leader this year—but a return to the rapid growth of before the oil collapse is not expected.
  • Royalties and corporate tax revenues will begin their slow rebound after the shellacking of the last two fiscal years.
  • Provincial revenues remain too dependent on a recovery in volatile resource revenues.
  • Budget 2017 introduced a plan to keep spending increases well below the rate of population growth and inflation.
  • Large deficits and rising debt levels will be the norm over the forecast. The growing debt burden will increasingly become a concern to Albertans and credit agencies.

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