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Old 03-30-2023, 08:17 PM   #8032
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by opendoor View Post
What was the alternative? Unilaterally slash government expenditures by 20% overnight to match the drop in revenue from 2014?

The real problem is the province setting itself up so it's constantly using oil royalties to subsidize everything so a drop in commodity prices pushes it into a deficit.
Yeah and I see that argument. But my issue is, they made it their policy to not even try. Ceci was told by ratings agencies that to maintain the credit rating they should close the gap and they elected not to.
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