$22 billion in non-renewable energy royalties VS total budget expenditures of $80 billion, that’s 27.5% of the Alberta budget expenditures.
Compare this to Quebec where electricity dividends are equal to 1.65% of the provincial budget. Even with $14 billion in Equalization out of $166 billion in expenditure (8.4%), that only represents 10.5% of the total provincial budget, 17% less than Alberta’s.
Furthermore, Quebec’s QST (provincial sales tax) accounts for roughly $22 billion in Quebec’s revenues (13.3%).
So even when you account for electricity dividends (1.65%), Equalization (8.4%) and Quebec sales tax (13.3%), the total (23.35%) of all those revenues are still 4.15% lower in Quebec than the share of the total amount in non-renewable revenues (27.5%) is in the Alberta budget.
Let’s face it, Alberta is addicted to oil & gas revenues… And it has nothing to do with some mythical „good management of the public purse“.
In fact, without those oil & gas revenues, Alberta would need to implement a large provincial sales tax, higher than what exists in Ontario, Quebec or anywhere else in Canada.
rationally-ignorant on
You get what you vote for. Albertans chose tax cuts over fiscal sustainability, and now they are left with the consequences.
Conservatives have governed Alberta for nearly four generations, aside from a brief interruption in the mid-2010s, and the province’s budget is essentially held together by international oil markets while royalty revenues are pissed away to subsidize current taxpayers at the expense of future generations.
Good luck with that whole independence movement.
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$22 billion in non-renewable energy royalties VS total budget expenditures of $80 billion, that’s 27.5% of the Alberta budget expenditures.
Compare this to Quebec where electricity dividends are equal to 1.65% of the provincial budget. Even with $14 billion in Equalization out of $166 billion in expenditure (8.4%), that only represents 10.5% of the total provincial budget, 17% less than Alberta’s.
Furthermore, Quebec’s QST (provincial sales tax) accounts for roughly $22 billion in Quebec’s revenues (13.3%).
So even when you account for electricity dividends (1.65%), Equalization (8.4%) and Quebec sales tax (13.3%), the total (23.35%) of all those revenues are still 4.15% lower in Quebec than the share of the total amount in non-renewable revenues (27.5%) is in the Alberta budget.
Let’s face it, Alberta is addicted to oil & gas revenues… And it has nothing to do with some mythical „good management of the public purse“.
In fact, without those oil & gas revenues, Alberta would need to implement a large provincial sales tax, higher than what exists in Ontario, Quebec or anywhere else in Canada.
You get what you vote for. Albertans chose tax cuts over fiscal sustainability, and now they are left with the consequences.
Conservatives have governed Alberta for nearly four generations, aside from a brief interruption in the mid-2010s, and the province’s budget is essentially held together by international oil markets while royalty revenues are pissed away to subsidize current taxpayers at the expense of future generations.
Good luck with that whole independence movement.