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Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt?

Author

Listed:
  • Philip Bazel

    (University of Calgary)

  • Daria Crisan

    (University of Calgary)

  • Bev Dahlby

    (University of Calgary)

Abstract

William Lyon Mackenzie King, Canada’s 10th Prime Minister, used to say “Today’s promises are tomorrow’s taxes”. A more up-to-date version would be “Today’s deficits are tomorrow’s taxes.” Alberta’s governments began running deficits in 2008-09 and the NDP government only plans to balance the provincial budget in five years’ time. By then, Alberta’s public debt will have risen to about $90 billion with annual interest payments of $3.8 billion in 2023-24.1 Who will pay the taxes to pay the interest on Alberta’s public debt? — Future taxpayers.

Suggested Citation

  • Philip Bazel & Daria Crisan & Bev Dahlby, 2018. "Fiscal Policy Trends: Who will pay the interest on Alberta’s public debt?," SPP Communique, The School of Public Policy, University of Calgary, vol. 10(PT20), May.
    • Handle: RePEc:clh:commun:v:10:y:2018:i:pt20
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    File URL: https://www.policyschool.ca/wp-content/uploads/2018/05/Fiscal-Trends-AB-Public-Debt-Bazel-Crisan-Dahlby.pdf
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    Cited by:

    1. Melville McMillan, 2019. "Provincial Public Infrastructure Spending and Financing in Alberta: Searching for a Better Course," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 12(10), March.

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