During the oil boom, Texas spent prudently, Alberta did not

The oil boom between 2004 and 2014 presented a substantial opportunity for governments in oil-producing regions to bolster their public finances. Unfortunately, while some jurisdictions such as Texas did just that, Alberta did the opposite.During that period, the Government of Texas exercised comparative fiscal restraint while the Government of Alberta increased spending unsustainably in many years. The difference between the two is that inflation-adjusted spending per person in Alberta grew by 49 per cent compared to 37 per cent in Texas over the course of the decade. As a result, whereas in 2004/05 Alberta’s per-person spending was 68 per cent

Read More - The Fraser Institute