This column is an opinion by Trevor Tombe, an economist at the University of Calgary. For more information about CBC’s Opinion section, please see the FAQ.
From a projected deficit of $18.2 billion in February 2021, to a surplus of more than $500 million in February 2022, Alberta’s fiscal turnaround is nothing short of remarkable.
Revenues are set to rise $19.5 billion for 2022 compared to 2020 (a 45 per cent boost!), mostly due to high oil prices. The government, after all, gets a cut of each barrel sold. Revenues from oil and gas royalties alone are projected to be $13.5 billion — the highest in
