The province's massive budget deficit continues a trend that started well before the pandemic.
Non-renewable resource revenue accounted for up to 27 per cent of total provincial government revenue.
The budget projects Alberta’s operating deficit this year will be $8.8 billion.
With tumbling oil prices and resource revenues, Premier Jim Prentice had a choice when he delivered Alberta’s 2015 budget. He could emulate former premier Don Getty and raise taxes or follow the Ralph Klein playbook and reduce spending.
From the fur trade to fisheries and forests, Canada was built on the toil and sweat of those who wanted to prosper. But these days, it’s harder to create opportunity. And sometimes, government is to blame. The latest example comes from Nova Scotia.