BY: PAUL YOUNG CPA, CGADATE: MARCH 19, 2017

Alberta Fiscal Management –March 2017

• SME – Financial Performance Management (TM1, Cognos Controller and Cognos Disclosure Management, OpenPages, Algorithmics, Cognos Integrated Server, Cognos Command Center and Datawatch)

• Industry Experience• 15+ years in Corporate Reporting, Budget & Forecasting, Costing, Business

Process Management, Internal Audit and Controls, Risk Management, Financial Analysis, Costing

• 11+ years in financial solutions (FOPM, FPM, Risk, Office of the Finance, Risk Management)

• 8+ years teaching Advance Finance, Advance Accounting, Public Finance and Advance Management Information Systems

• Blogger in areas like Finance Analysis, Government policies, market segment

Paul Young - Bio

2017-2018 Budget

Agenda

BMO Economics

Alberta Budget 2017-2018

Stats Canada

Canada oil and coal Manufacturing sales

Issues facing Alberta• Production is being added, but not

employment• Forestry sector / Softwood Lumber

import tax• Investment going to other jurisdiction like

Texas• Pipeline capacity

http://business.financialpost.com/news/economy/moodys-dbrs-cast-worried-eye-on-albertas-debt-and-recovery-hopes-based-on-oil

Alberta / Credit Rating

RBC – March 16, 2017

Government – Net Debt

Government Interest cost

https://www.fraserinstitute.org/sites/default/files/cost-of-government-debt-in-canada-2016.pdf

Comment:• Alberta interest is not $800M/year• Provinces like Ontario/PQ interest

cost is 3rd largest expense• Government debt has paid back

• Running Surpluses• Spending cuts• Selling off assets

Government spending by Area

Government spending by Area

http://www.cbc.ca/news/canada/calgary/alberta-bc-budgets-per-capita-comparison-1.3996276

Alberta vs- British Colombia

Gap Action / Alberta

Issues:• Oil is struggling to get above $60/Barrel• Government will have to cut expenses (salaries/cost)• Government will have to run surpluses to pay down the debt• Carbon Tax revenue has to be made up • Alberta spends $5B more than BC on program spending

Global TV – June 28, 2016

CBC – April 22, 2012