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Study shows Alberta debt levels worse than Ontarios

A new study from an economic think tank says Alberta’s deficit levels are in worse shape than the “poster child for fiscal mismanagement” during its recent economic downturn.The Fraser Institute says Ontario, now the most indebted subnational jurisdiction in North America, saw deficits per person of nearly $3,900 in the years following the 2009 recession.But, Senior Policy Analyst Steve Lafleur said Alberta’s per capita deficit is trending 65 per cent higher at almost $6.400 since oil prices took a dive.“We all know in Alberta how big of a problem the Ontario government is in, and the fact that we’re going down that same path is really troubling.” Lafleur said.He said the issue started before the NDP took power two years ago, and Alberta’s spending was too high for many years prior oil prices collapsing. by Mike Tarasko Posted May 30, 2017 6:50 am MDT Study shows Alberta debt levels worse than Ontario’s AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email (Stock photo) read more

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