In 2019, equalization represented 15.5 per cent of provincial revenue in Nova Scotia.
Blog - Fraser Forum
The province's net government debt may rise 17 per cent in 2020/21.
Canada's equalization program cost Alberta taxpayers approximately $3.1 billion in 2017.
While the regulatory change is welcome news, significant reforms are still required to restore investor confidence.
Alberta became eligible for stabilization payments in 2015/16 and 2016/2017.
Budget include an additional $185 million in transfers from Ottawa.
Forecasts project a -5.1 per cent decline in the province's GDP.
Such implicit or explicit assumptions invariably lead to unintended consequences.
An estimated 80,000 Albertans were waiting for care in early May.