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Macdonald-Laurier Institute

Alberta paying the price for not investing resource revenue: Poelzer on BNN

March 27, 2015
in Domestic Policy Program, Economic policy, In the Media, Latest News, Multimedia
Reading Time: 1 min read
A A

The government of Alberta’s multi-billion dollar deficit is a prime example of why provinces should invest resource revenue over the long-term instead of spending it at budget time, Macdonald-Laurier Institute author Greg Poelzer said in an interview with BNN.

Alberta on Thursday announced a plethora of tax increases to help slay a projected deficit created in part by dropping oil prices.

Poelzer says the impact wouldn’t have been so pronounced if Alberta had followed Norway’s lead in paying into a sovereign wealth fund.

“Now you see what’s happened by not making those savings in the fiscal crisis that the province faces today”, he says.

Poelzer is the author of a recent MLI report, titled “What Crisis?”, that details the advantages of placing resource revenues into a sovereign wealth fund rather than using them on short-term spending programs.

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Tags: AlbertaBNNGreg PoelzerMacdonald-LaurierMLINorwayresource revenue
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  • Home
  • About
    • Who We Are
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    • Tenth Anniversary
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    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
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