Potential increase in debt burdens may lower provincial credit quality
Tight labour supply poses a challenge
Natural gas royalties boost revenues
Province increases capital spending to $4 billion
GDP forecast for 2006 trimmed to 2.6%
Imbalances causing political strain
Household and business spending prop up GDP
Incentive no longer necessary, Sorbara says
2006 growth forecast raised to 3.4%
In its annual report on the Province of Alberta, Moody’s Investors Service says the province’s “Aaa” rating and stable outlook reflect the success achieved under the province’s debt-reduction program and continuing prudent fiscal management, especially in budgeting for volatile oil and gas revenues. “Given Alberta’s history of strong fiscal management and substantial financial flexibility, Moody’s […]