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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Boom-and bust Alberta needs stabilization fund

Posted on 09 November 2010

From Edmontonjournal.com: The government of Alberta’s revenue volatility turns ordered plans topsy-turvy. Highly variable revenues make it difficult for the government to achieve a sustainable level of spending. Instead, Alberta’s spending tends to follow a boom-and-bust pattern — expenditures rise when oil and gas prices are high and abate when prices fall.
The rapid expansion of programs and capital spending during revenue booms stretches the capacity of the government to provide services and monitor spending, which can lead to waste and inefficiency……………………………………….Full Article: Source


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