Fraser Institute study ranks Canada\u0027s premiers on government spending, taxation, deficits and debt.
The analysis uses a variety of metrics to gauge the management of provincial finances. It looks at the efforts of provincial premiers over the course of their careers, from the time they were first elected, until the end of the 2021-22 fiscal year.Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The premiers received a rating based on a 100-point scale. The analysis is based on three metrics: Government spending, taxation, and deficits and debt. The methodology, Fuss said, is designed to help mitigate the effects of governing largely during COVID, for example, compared to premiers who had longer tenures.Article content
Quebec Premier François Legault got 41.1 points, followed by Saskatchewan’s Scott Moe and Newfoundland and Labrador Premier Andrew Furey . In this category, Higgs got top marks, with a score of 98.9, and he was the only premier to keep program spending growth below the rate of provincial economic growth, with just a small gap between program spending growth and inflation plus population growth. McNeil and Rankin got a combined score of 89.1, having kept spending nearly equivalent to provincial GDP growth.
“Better performing premiers either maintained lower tax rates or reduced them relative to other provinces ,” the report says. “Premiers that preserved or implemented systems that have fewer tax brackets also scored better.”On this front, Kenney took home the gold, with 82.3 points, due to Alberta slashing corporate income tax from 12 to eight per cent, and sustaining “relatively low” personal income tax rates. Along with Moe , the two premiers were the only two to score above 50 points.
On this front, Higgs ranked first, with a score of 100, being the only premier to run an average operating surplus over his time in power. Higgs also got the net debt as a share of GDP down by 6.2 per cent, more than any other premier. King ranked second on debt and deficits, at 90.8, followed by Legault , Horgan , McNeil and Rankin scored , Pallister , Ford , Moe and Furey .Article content
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No plans for New Brunswick to reinstate mask mandate - New Brunswick | Globalnews.caThe province lifted the requirement to wear a mask in indoor public settings along with many other COVID-19 related restrictions in March.
Read more »
Cape Breton hockey teams set to participate in Monctonian Challenge this week in New Brunswick | SaltWireSYDNEY, N.S. – Five Cape Breton hockey teams will be on the road this week to participate in the annual Monctonian Challenge tournament in Moncton. The ...
Read more »
New Alberta parks ministry to focus on tourism and opening new campgroundsEDMONTON — The head of the new provincial ministry that oversees Alberta’s parks says there will be a new emphasis on putting people in them.
Read more »
New Alberta parks ministry to focus on tourism and opening new campgroundsEDMONTON — The head of the new provincial ministry that oversees Alberta’s parks says there will be a new emphasis on putting people in them.
Read more »
New faces on Toronto council get up to speed as new term begins today | CBC NewsToronto city council's new term kicks off Tuesday and with seven new faces added to the mix, life at city hall is about to change.
Read more »