Quote:
Originally Posted by MarchHare
If the WRP gets rid of the irresponsible Dani-dollars, I'd be 100% behind this policy. IMO, there are only three fiscally-responsible ways to deal with a surplus:
1) Accelerate repayment of outstanding government debt
2) Invest in long-term savings (i.e. Heritage Fund)
3) Save the excess money in a good year to cover a budget shortfall in a bad year (i.e. Rainy Day fund)
|
I'd like to suggest a fourth...investing in infrastructure that broadens the economic base of the province...making it less volatile when resource prices swing
Basically, investing in science, technology, education, research etc.
Good paper here if interested