Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt?
William Lyon Mackenzie King, Canada’s 10th Prime Minister, used to say “Today’s promises are tomorrow’s taxes”. A more up-to-date version would be “Today’s deficits are tomorrow’s taxes.” Alberta’s governments began running deficits in 2008-09 and the NDP government only plans to balance the prov...
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| Format: | Article |
| Language: | English |
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University of Calgary
2018-05-01
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| Series: | The School of Public Policy Publications |
| Online Access: | http://www.policyschool.ca/wp-content/uploads/2018/05/Fiscal-Trends-AB-Public-Debt-Bazel-Crisan-Dahlby.pdf |
| _version_ | 1818235031848484864 |
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| author | Philip Bazel Daria Crisan Bev Dahlby |
| author_facet | Philip Bazel Daria Crisan Bev Dahlby |
| author_sort | Philip Bazel |
| collection | DOAJ |
| description | William Lyon Mackenzie King, Canada’s 10th Prime Minister, used to say “Today’s promises are tomorrow’s taxes”. A more up-to-date version would be “Today’s deficits are tomorrow’s taxes.”
Alberta’s governments began running deficits in 2008-09 and the NDP government only plans to balance the provincial budget in five years’ time. By then, Alberta’s public debt will have risen to about $90 billion with annual interest payments of $3.8 billion in 2023-24.1 Who will pay the taxes to pay the interest on Alberta’s public debt? — Future taxpayers. |
| first_indexed | 2024-12-12T11:47:31Z |
| format | Article |
| id | doaj.art-20a440d610274e34bc46bd83c525474e |
| institution | Directory Open Access Journal |
| issn | 2560-8312 2560-8320 |
| language | English |
| last_indexed | 2024-12-12T11:47:31Z |
| publishDate | 2018-05-01 |
| publisher | University of Calgary |
| record_format | Article |
| series | The School of Public Policy Publications |
| spelling | doaj.art-20a440d610274e34bc46bd83c525474e2022-12-22T00:25:25ZengUniversity of CalgaryThe School of Public Policy Publications2560-83122560-83202018-05-0111https://doi.org/10.11575/sppp.v11i0.52822Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt?Philip Bazel0Daria Crisan1Bev Dahlby2University of CalgaryUniversity of CalgaryUniversity of CalgaryWilliam Lyon Mackenzie King, Canada’s 10th Prime Minister, used to say “Today’s promises are tomorrow’s taxes”. A more up-to-date version would be “Today’s deficits are tomorrow’s taxes.” Alberta’s governments began running deficits in 2008-09 and the NDP government only plans to balance the provincial budget in five years’ time. By then, Alberta’s public debt will have risen to about $90 billion with annual interest payments of $3.8 billion in 2023-24.1 Who will pay the taxes to pay the interest on Alberta’s public debt? — Future taxpayers.http://www.policyschool.ca/wp-content/uploads/2018/05/Fiscal-Trends-AB-Public-Debt-Bazel-Crisan-Dahlby.pdf |
| spellingShingle | Philip Bazel Daria Crisan Bev Dahlby Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt? The School of Public Policy Publications |
| title | Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt? |
| title_full | Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt? |
| title_fullStr | Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt? |
| title_full_unstemmed | Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt? |
| title_short | Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt? |
| title_sort | fiscal policy trends who will pay the interest on alberta s public debt |
| url | http://www.policyschool.ca/wp-content/uploads/2018/05/Fiscal-Trends-AB-Public-Debt-Bazel-Crisan-Dahlby.pdf |
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