Alberta Budget: Why oil revenue volatility makes fiscal planning impossible

Mike Holden, chief economist at the Business Council of Alberta, discusses Alberta's latest budget and the province's significant deficit due to declining oil prices. He examines the challenges of budgeting with volatile resource revenues, the government's economic priorities, and the disconnect between industry break-even prices and provincial fiscal needs. He explores potential solutions for achieving revenue stability such as tax reform. The Hub is Canada's fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer Elia Gross - Editor Falice Chin - Host Jeff McIntosh/The Canadian Press - Photo Credit To contact us, sign up for updates, and access transcripts email [email protected] Hosted on Acast. See acast.com/privacy for more information.