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.
Hongkongers have enjoyed the highest level of personal freedom in the world, according to the Human Freedom Index.
A large government debt burden can negatively affect economic growth.
The Horgan government raised the province’s minimum wage to $14.60.
RBC forecasts an $800 million provincial deficit this year, Scotiabank forecasts $970 million.
Alesina specifically noted the experience of Canada in the mid-1990s.
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