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> would allow a province within their country to hold a sovereign wealth fund worth hundreds of billions, or even over a trillion dollars. This is Alberta we a
by thedmstdmstdmst 5y ago
> would allow a province within their country to hold a sovereign wealth fund worth hundreds of billions, or even over a trillion dollars.
This is Alberta we are talking about? If in your hypothetical the Federal Government didn't mess it up the Province would.
- soperj 5y agoThey're the only province to run a balanced budget for last 50 years.
- throw0101a 5y agoAlberta has had plenty of deficits in the last 10 years, never mind the last fifty: * https://www.fraserinstitute.org/fr/node/9227 https://www.fraserinstitute.org/fr/node/9227 And they're not the only ones to be positive, as Ontario has had several surpluses or small deficits ($200M): * https://en.wikipedia.org/wiki/Ontario_government_debt https://en.wikipedia.org/wiki/Ontario_government_debt This of course assumes that a balanced budget (or surplus) is something that even should be aimed for. Certainly one shouldn't go crazy with spending (especially when stimulus isn't needed), but the balanced idea seems to be a strange fiscal fetish that is over-focused upon.