Fiscal Policy Trends: The Long-Term Consequences of Fiscal Responses to Resource Revenue Fluctuations
DOI:
https://doi.org/10.11575/sppp.v11i0.56891Abstract
Over the last half-century, the Alberta government has been heavily reliant on non-renewable resource revenues, which have averaged about 30 per cent of the provincial government’s total revenue. This reliance poses a fiscal challenge as resource revenues are volatile and uncertain due to the vagaries of global energy price shocks, pipeline disruptions and other events such as the federal government’s National Energy Program. This commentary shows that the Alberta government’s budgetary responses to fluctuations in resource revenues have had long-term deleterious consequences for the province’s fiscal health.Downloads
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