The Resource From famine to feast: the evolution of budgeting rules in Alberta
From famine to feast: the evolution of budgeting rules in Alberta
Resource Information
The item From famine to feast: the evolution of budgeting rules in Alberta represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item From famine to feast: the evolution of budgeting rules in Alberta represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- The government of Alberta enjoys the benefits of receiving substantial amounts of revenue from the sale of fossil fuels. However, these revenues are highly variable, and this makes budget planning difficult. Budgeting is made even more difficult by a commitment to avoid deficits and by the fact that these revenues are earned from a non-renewable resource, a characteristic that suggests the need to save a substantial portion of these funds. This article reviews and evaluates the government's response to these challenges through the use of fiscal rules. The rules have been changed as the government has learned from experience. An important part of Alberta's experience has been the usefulness of fiscal anchors in the form of zero-deficit and zero-debt rules in guiding the government's fiscal choices over time. Concerns about the government's current fiscal situation stem from the absence of a new fiscal anchor for budget planning following the achievement of a succession of surpluses and the elimination of the provincial debt
- Language
- eng
- Label
- From famine to feast: the evolution of budgeting rules in Alberta
- Title
- From famine to feast: the evolution of budgeting rules in Alberta
- Language
- eng
- Summary
- The government of Alberta enjoys the benefits of receiving substantial amounts of revenue from the sale of fossil fuels. However, these revenues are highly variable, and this makes budget planning difficult. Budgeting is made even more difficult by a commitment to avoid deficits and by the fact that these revenues are earned from a non-renewable resource, a characteristic that suggests the need to save a substantial portion of these funds. This article reviews and evaluates the government's response to these challenges through the use of fiscal rules. The rules have been changed as the government has learned from experience. An important part of Alberta's experience has been the usefulness of fiscal anchors in the form of zero-deficit and zero-debt rules in guiding the government's fiscal choices over time. Concerns about the government's current fiscal situation stem from the absence of a new fiscal anchor for budget planning following the achievement of a succession of surpluses and the elimination of the provincial debt
- Citation source
- In: Canadian tax journal = Revue fiscale canadienne. - Toronto. - Vol. 54 (2006),
- http://library.link/vocab/creatorName
- Kneebone, R.D
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- natural resources
- budget law
- savings
- provincial tax
- Label
- From famine to feast: the evolution of budgeting rules in Alberta
- Label
- From famine to feast: the evolution of budgeting rules in Alberta
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/From-famine-to-feast-the-evolution-of-budgeting/rDIEHu3JK4U/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/From-famine-to-feast-the-evolution-of-budgeting/rDIEHu3JK4U/">From famine to feast: the evolution of budgeting rules in Alberta</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/From-famine-to-feast-the-evolution-of-budgeting/rDIEHu3JK4U/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/From-famine-to-feast-the-evolution-of-budgeting/rDIEHu3JK4U/">From famine to feast: the evolution of budgeting rules in Alberta</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
