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Budget 2017—Alberta government burning through assets at alarming rate

By now, Albertans have heard that for a second year in a row, the provincial government plans to run a budget deficit of more than $10 billion. While those numbers are especially large, the unfortunate reality is that budget deficits are nothing new to Albertans. The fiscal plan presented in this year’s budget shows that between 2008/09 and 2019/20, the province will have only presided over a single balanced budget.This nearly unbroken string of budget deficits is taking a substantial toll on Alberta’s finances. The province entered the financial crisis with $35 billion in net financial assets (all financial assets

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