Between 2004/05 and 2015/16, the Alberta government increased program spending by roughly 100 per cent.
public sector compensation
Ontario needs to speed up its deficit reduction: Government should look at compensation for government employees
The Ontario government has pledged to eliminate its budget deficit by 2017/18. However, the government’s recent record on fiscal issues casts doubt on whether it will meet this target.
With governments collectively racking up almost $46 billion in deficits last year and continuing to struggle with health care costs as the population ages, both governments and citizens are concerned that tax dollars are spent wisely.
More than three years after the end of the recession and Ontarios provincial government continues to struggle with deficits, which as of the last quarterly update, will likely reach a staggering $14.8 billion. Relying on revenues to rebound enough to catch up with spending just doesnt work as Ontarios own history aptly demonstrates. Similarly, municipalities across the province continue to struggle to find sufficient resources for infrastructure needs while balancing their books.
When Alberta Premier Alison Redford took to the television screen the other night, she paid much attention to the revenue side of the government's books. On Alberta's massive budget deficit, the premier blamed the below-world price that Alberta-based companies receive for oil.