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Path to Surplus and Elimination of Alberta Debt
1. BY: PAUL YOUNG CPA, CGA
DATE: MARCH 19, 2017
Alberta Fiscal Management –March
2017
2. • 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
4. 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
11. 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
12. Global TV – June 28, 2016
CBC – April 22, 2012