Alberta government must do more to avoid red ink

As Albertans look toward a new year, it’s worth reviewing the state of provincial finances. When delivering news last month of a projected $4.6 billion budget surplus for fiscal year 2024/25, the Smith government simultaneously warned Albertans that a budget deficit could be looming. Confused? A $4.6 billion budget surplus sounds like good news—but not when its on the back of historically high (and incredibly volatile) resource revenue.

In just the last 10 years, resource revenue, which includes oil and gas royalties, has ranged from a low of $3.4 billion in 2015/16 (inflation-adjusted) to a high of $26.1 billion in 2022/23. Inflation-adjusted resource revenue is projected to be relatively high in historical terms this fiscal year at $19.8 billion.

Resource revenue volatility is not in and of itself a problem. The problem is that provincial governments tend to increase spending when resource revenue is high, but do not similarly reduce spending when resource revenue declines.

Overall, in Alberta, a $1 increase in inflation-adjusted per-person resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year, but a decline in resource revenue is not similarly associated with a reduction in program spending. Over time, this pattern has contributed to historically high levels of government spending that exceed ongoing stable levels of government revenue.

And while the Smith government has shown some restraint, spending levels remain significantly higher than reliable ongoing levels of government revenue. Put simply, unpredictable resource revenue continues to help fund Alberta’s spending—and when resource revenues inevitably fall, Alberta is at high risk of plummeting into a deficit.

Indeed, Finance Minister Nate Horner continues to emphasize that we are “living in extremely volatile times” and warning that if oil prices fall below $70.00 per barrel a budget deficit is “very likely.” According to recent forecasts, the price of oil may hit $66.00 per barrel in 2025.

To avoid this fate, the Alberta government must do more to rein in spending. Fortunately, there’s plenty of options.

For example, the government spends billions in subsidies (a.k.a. corporate welfare) to select industries and businesses every year. A significant body of research shows these subsidies fail to generate widespread economic benefits. Eliminating this corporate welfare, which would generate significant savings in the budget, is a good place to start.

If the Smith government fails to rein in spending, and Alberta incurs a budget deficit, it will only mean more government debt on the backs of Albertans. And with Albertans already paying approximately $650 each in provincial government debt interest each year, that’s something Albertans simply can’t afford.

With a new year set to begin, the Smith government continues to warn of a budget deficit. But rather than simply prepare Albertans for more debt accumulation—financed by their tax dollars—the government should do more to avoid red ink. That means cutting wasteful government spending.

Tegan Hill

Director, Alberta Policy, Fraser Institute

Related Topics:#AlbertaBudget #AlbertaGovernmentSpending #FraserInstitute #TeganHill AlbertaFinance

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Alberta health ministry to ‘consider’ report calling for end to COVID shots for healthy kids

Published on January 28, 2025

Todayville

From LifeSiteNews

By Anthony Murdoch

The report recommended halting “the use of COVID-19 vaccines without full disclosure of their potential risks” as well as outright ending their use “for healthy children and teenagers as other jurisdictions have done,” mentioning countries like “Denmark, Sweden, Norway, Finland, and the U.K.”

Alberta’s health minister says she will “consider” the findings of a report published last week which recommends the immediate halt of the COVID shots for healthy children and teenagers.

In a statement sent to the media, the office of Alberta’s Health Minister Adriana LaGrange said that the provincial government will “review and consider this report and its findings,” while at the same time noting that “no policy decisions have been made in relation to it at this time.”

The statement came in reference to the Alberta COVID-19 Pandemic Data Review Task Force’s “COVID Pandemic Response” 269-page final report, which was released last Friday. The report, which was commissioned by Premier Danielle Smith, recommended the halting of “the use of COVID-19 vaccines without full disclosure of their potential risks” as well as outright ending their use “for healthy children and teenagers as other jurisdictions have done,” mentioning countries like “Denmark, Sweden, Norway, Finland, and the U.K.”

LaGrange’s office noted that the report’s findings build on efforts it says the government has already made to “enhance Alberta’s ability to respond to future public emergencies.”

Among the recommendations of the task force was the call to “[f]urther research to establish the safety and efficacy of COVID-19 vaccines is necessary before widespread use in adults and children,” the establishment of “a website and/or call-in center for the vaccine injured in Alberta” as well as establishing a “mechanism for opting out of federal health policy until provincial due process has been satisfied.”

The report also noted that “[c]hildren and teenagers have a very low risk of serious illness from COVID-19. COVID-19 vaccines were not designed to halt transmission and there is a lack of reliable data showing that the vaccines protect children from severe COVID-19.”  

It is worth noting that Alberta Health Services (AHS) is still promoting the COVID shots for babies as young as six months old.  

LifeSiteNews has published an extensive amount of research on the dangers of the experimental COVID mRNA jabs, which include heart damage and blood clots.  

The mRNA shots have also been linked to a multitude of negative and often severe side effects in children and all have connections to cell lines derived from aborted babies.   

Danielle Smith still silent on report

At the time of publication, Premier Danielle Smith has still not commented on the bombshell report.

Smith’s lack of commentary on the issue comes despite the fact that she was the one who commissioned the report last year, giving the task force a sweeping mandate to investigation her predecessor’s COVID-era mandates and policies.

After assuming her role as premier in late 2022, Smith promptly fired the province’s top doctor, Deena Hinshaw, and the entire AHS board of directors, all of whom oversaw the implementation of COVID mandates.  

Under Smith’s predecessor Jason Kenney, thousands of nurses, doctors, and other healthcare and government workers lost their jobs for choosing to not get the jabs, leading Smith to say – only minutes after being sworn in – that over the past year the “unvaccinated” were the “most discriminated against” group of people in her lifetime.

Alberta

UCP Calgary-Lougheed riding calls for response to the Dr. Gary Davidson COVID 19 Task Force Review

Published on January 27, 2025

Todayville

From Sheldon Yakiwchuk

By Darrell Komick, President, UCP Calgary-Lougheed

The flood of questions regarding the UCP Calgary-Lougheed response to the Dr. Gary Davidson COVID 19 Task Force report is encouraging. To think that so many Canadians have risked so much speaking out about the COVID 19 mandates is astounding. Dr. Davidson’s report is the validation that Premier Smith needs to marshal support from cabinet. Our structure of government requires support from the Alberta Caucus and Cabinet.

It’s clear, Premier Smith has the knowledge, let’s support her will to lead with action.

Our community of curious minds and critical thinkers is working to educate and inform Albertans about the long term impacts of the COVID mandates. This is a war of persistence, attrition, and faith. Join us in supporting Premier Smith to call on the Alberta cabinet to activate the recommendations for the “healing of humanity”.

Here are four important talking points. Our friends in UCP Highwood CA led by Helen Holder, have created a quick to reference chart as to the major points and the associated recommendations. This chart is attached. I have also included the logo and details about An Injection of Truth: Healing Humanity.

Albertans need to thank the leadership of Premier Smith for calling commissioning the Dr. Gary Davidson Report, the findings and recommendations of the report are shocking. We call upon cabinet to follow the leadership of the Premier and immediately activate the Davidson recommendations starting with the halting of COVID mNRA vaccinations for children in Alberta.

Dr. Davidson’s report validates the data presented at the June 17 An Injection of Truth Town Hall by Canadian scientists like Dr. David Speicher, Dr. Jessica Rose, & Dr. Byram Bridle. These experts have been using government, industry and research data to sound a critical alarm to all Albertans hoping that cabinet will take leadership like has been done in the state of Florida.

Forward thinking Albertans have planned a second town hall on March 3, 2025 An Injection of Truth: Healing Humanity that calls upon experts to provide recommendations to heal individuals and society inflicted by the harms of the COVID mandates. (Get your tickets →HERE)

When do we acknowledge that there is a problem? How do we help Albertans understand the source of suffering? How can we provide emotional support for those living with the trauma of long COVID? How do we make society whole again? How long will it take the Alberta cabinet to act on the recommendations of the Davidson report?