|By PR Newswire||
|January 22, 2013 06:00 PM EST||
CALGARY, Jan. 22, 2013 /CNW/ - The Alberta government will release its 2013 budget on March 7th. Unfortunately, budgets like this tend to be laced with financial jargon and political rhetoric, making it hard for the average citizen to understand the true state and direction of provincial finances. That is why Professor Ron Kneebone of The School of Public Policy has produced a "citizen primer" for Alberta's budget.
As Kneebone outlines the basics of how governments arrive at either a surplus or deficit in any given year, and what they do in response to either case, he begins to unveil some unnerving realities regarding Alberta's finances - some of which are the product of basic budgeting rules being broken.
One of these realities is the province's reliance on volatile non-renewable resource revenues to fund spending on health, education and social assistance. Kneebone contrasts Alberta's situation with that of an average family, which he argues would never rely on an unpredictable income source to pay for its necessities.
In Alberta, if royalty revenues are low in a given year, all of a sudden the government doesn't have enough money to fund programs or service its debt. As Kneebone points out, in recent years the government has decided to solve this problem by dipping into savings, specifically the Sustainability Fund.
"Between 2008 and 2012 the government reduced savings by $16.5 billion. The average annual rate of burn of the government's savings during this period — $4.1 billion per year — is eerily similar to that during the Getty years — $4.3 billion per year," he writes.
With provincial savings dwindling, this then raises the question as to whether future generations will be left paying higher taxes or facing cuts to programs because of today's financial practices.
Bearing these issues in mind, Kneebone recommends Albertans pose three questions to those in government and other political parties hoping to win our confidence and represent our interests:
- How tolerant are they of annual deficits?
- To what extent are they willing to trust payments for health, education and social assistance to energy royalties versus taxation?
- How, exactly, do they define investments in social infrastructure and what limits would they put on funding these expenditures with borrowing or non-renewable resource royalties?
The report can be found at www.policyschool.ucalgary.ca/publications
SOURCE The School of Public Policy - University of Calgary
Video with caption: "Video: Primer on Alberta budget shows government ignoring basic rules, arms citizens with hard questions". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20130122_C7890_VIDEO_EN_22854.mp4&posterurl=http://photos.newswire.ca/images/20130122_C7890_PHOTO_EN_22854.jpg&clientName=The%20School%20of%20Public%20Policy%20%2D%20University%20of%20Calgary&caption=Video%3A%20Primer%20on%20Alberta%20budget%20shows%20government%20ignoring%20basic%20rules%2C%20arms%20citizens%20with%20hard%20questions&title=Primer%20on%20Alberta%20budget%20shows%20government%20ignoring%20basic%20rules%2C%20arms%20citizens%20with%20hard%20questions&headline=Primer%20on%20Alberta%20budget%20shows%20government%20ignoring%20basic%20rules%2C%20arms%20citizens%20with%20hard%20questions
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 1, 2016 07:30 AM EDT Reads: 892
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 1, 2016 07:00 AM EDT Reads: 782
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
May. 1, 2016 06:30 AM EDT Reads: 2,479
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
May. 1, 2016 04:15 AM EDT Reads: 1,735
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 1, 2016 12:00 AM EDT Reads: 1,072
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Apr. 30, 2016 10:45 PM EDT Reads: 703
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Apr. 30, 2016 10:00 PM EDT Reads: 1,108
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 30, 2016 08:15 PM EDT Reads: 1,812
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Apr. 30, 2016 05:30 PM EDT Reads: 727
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Apr. 30, 2016 04:45 PM EDT Reads: 1,069
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Apr. 30, 2016 04:15 PM EDT Reads: 1,669
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Apr. 30, 2016 04:15 PM EDT Reads: 587
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Apr. 30, 2016 04:15 PM EDT Reads: 765
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Apr. 30, 2016 04:00 PM EDT Reads: 582