Quote:
Originally Posted by GP_Matt
If you remove the 9.5 percent of the Ontario budget that goes to debt servicing you now have that Alberta is spending 24% more than Ontario per person with salaries that are 13% higher.
24 percent more less half of the labor costs works out to 17.5 percent more than Ontario. Multiplying that by Alberta's budget numbers shows a surprising 6.7 billion dollars. That means that we are spend 6.5 billion more than Ontario after the higher salaries are accounted for. As it happens, that number is pretty well the amount of money that the government plans to borrow next year to make up for our "revenue shortfall".
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Yes, but that is still relying massively on resource revenue that should, in my opinion, be going into the Heritage Fund (or be used for some extraordinary long term strategic infrastructure investments.)