Resource Revenues and Fiscal Sustainability in Alberta
Alberta’s public finances depend upon volatile revenues from an exhaustible resource base. The question arises of what proportion of current resource revenues the government should spend on current priorities and what proportion it should save for future generations. The paper uses the Permanent Resource Income Model to answer the following four questions: Has Alberta saved enough of its resource revenues to date? What level of spending out of resource wealth is sustainable moving forward? What are the implications of a sustainable policy for the province’s current budget planning? Should Alberta follow Norway’s example of saving all of its resource revenues in a fund and spending only the resulting investment income?
|Date of creation:||2008|
|Date of revision:|
|Contact details of provider:|| Postal: PO Box 450, Station A, Ottawa, Ontario, K1N 6N5|
Phone: (613) 562-5753
Fax: (613) 562-5999
Web page: http://www.socialsciences.uottawa.ca/eco/eng/index.asp
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, 08.
- Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6 National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:ott:wpaper:0807e. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diane Ritchot)
If references are entirely missing, you can add them using this form.