Economist to state: cut spending, save
Goldsmith projects that future oil and gas revenue can’t sustain Alaska’s current spending rate, inviting ‘severe fiscal crunch’
For Petroleum News
Save more, spend less. That’s long been economist Scott Goldsmith’s advice for Alaska’s oil-dependent state government, and he’s offering it again in advance of the upcoming legislative session.
Whether to reduce oil taxes to spur industry investment is expected to be a big issue for lawmakers.
[additional news subjects in this story]
The ‘fiscal gap’
Oil and gas projections
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