Guest Opinion: Smith government may continue Alberta's spending problem in 2023 abpoli ableg
Indeed, if recent moves are any indication, the Smith government may continue to ride the resource revenue rollercoaster, which has historically produced budget deficits with big costs to Albertans.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
But governments in Edmonton, no matter their political stripe, have a bad habit of increasing spending during periods of relatively high resource revenue, which becomes unsustainable once those resource revenues inevitably decline, and the province falls into deficit.Article content Alberta went from spending only $61 per person on provincial debt interest costs in 2007/08 to roughly $563 in 2020/21 after the latest string of deficits.Article contentFor instance, the recent fiscal update reveals $2.8 billion in inflation relief measures including $600 cash payouts to seniors and children in families in “middle-income” households with annual income under $180,000.
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