The Resource From famine to feast: the evolution of budgeting rules in Alberta

From famine to feast: the evolution of budgeting rules in Alberta

Label
From famine to feast: the evolution of budgeting rules in Alberta
Title
From famine to feast: the evolution of budgeting rules in Alberta
Creator
Subject
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
Instantiates
Publication
Label
From famine to feast: the evolution of budgeting rules in Alberta
Publication

Library Locations

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      52.37366609999999 4.9336932
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