Source: Robson Fletcher, CBC News, March 15, 2018
Faced with similar dilemmas, these provinces made very different choices. Who’s right remains an open debate.
Imagine you’re in charge of your province’s finances, sitting around the cabinet table, staring at a balance sheet that makes you, well, queasy.
Your government depends heavily on resource revenues — oil, gas, maybe potash, too — and prices are down, across the board. Meanwhile, the economy has been shrinking, and you realize there’s no way you’re going to balance the budget this year. Or next year.
Image Source: Alberta Finance Minister Joe Ceci, left, and former Saskatchewan premier Brad Wall offered differing perspectives on the best fiscal policy in response to a deficit. (Colin Hall/CBC)
