Wheat from the Chaff Blog

Here are some interesting stats re: provincial deficits. We see that Alberta has a huge per capita deficit, thanks largely to Alberta’s reliance on irregular resource and exploration taxes, and not on more stable income and sales taxes. This is a good example of how debt and deficits are as reliant on what you tax as how much there is to tax in the first place (e.g. GDP).

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O’Neill, Katherine and Dawn Walton. “Healthy savings and no debt will save Alberta.” The Globe and Mail, 9 April 2009: A6.