Getting off ‘crack cocaine’Alberta forced to consider unthinkable, join rest of Canada with provincial sales tax; digs in against cuts to regain credit rating GARY PARK For Petroleum News
As Alberta comes to grips with a new world that most observers doubt will ever again involve oil at US$100 a barrel, the province is figuring out how to cope with drastically reduced resource revenues that a former government treasury official described as “the crack cocaine of public finances.”
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Sales tax ‘out of the question’ Grim reality Debt servicing
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