The Canadian Taxpayers Federation (CTF) is commending the Alberta government for its recent credit rating outlook upgrade, attributing the positive change to the province's balanced budget and spending restraint."The province is getting this positive assessment from credit rating agencies because the government has a balanced budget and is restraining spending," said Kris Sims, CTF Alberta Director. "Strengthening balanced budget legislation to curb spending was the right move."On Monday, Moody’s Ratings upgraded Alberta’s credit rating outlook from stable to positive while affirming the province’s AA2 credit rating. Moody’s cited Alberta's balanced budget, spending restraint, and debt payment rules as key factors in the outlook improvement."The positive outlook reflects our view that if Alberta adheres to the governance controls as per its fiscal framework introduced in 2023, its debt and liquidity levels could be stronger than we currently project," Moody’s report stated.The CTF has long advocated for the Alberta government to keep spending increases below inflation plus population growth, a stance they have maintained since the mid-1990s. Last year, the Alberta government enacted balanced budget and spending restraint legislation.Moody’s positive outlook follows a recent upgrade from another credit ratings agency, Fitch. According to the Alberta government's year-end report, interest charges on the provincial government’s debt will cost taxpayers $3.1 billion this year."Credit ratings matter because Albertans pay billions of dollars on debt interest charges every year," Sims noted. "Better credit ratings could make it less expensive to make payments on the debt, and the less money we waste on interest charges, the better.".This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
The Canadian Taxpayers Federation (CTF) is commending the Alberta government for its recent credit rating outlook upgrade, attributing the positive change to the province's balanced budget and spending restraint."The province is getting this positive assessment from credit rating agencies because the government has a balanced budget and is restraining spending," said Kris Sims, CTF Alberta Director. "Strengthening balanced budget legislation to curb spending was the right move."On Monday, Moody’s Ratings upgraded Alberta’s credit rating outlook from stable to positive while affirming the province’s AA2 credit rating. Moody’s cited Alberta's balanced budget, spending restraint, and debt payment rules as key factors in the outlook improvement."The positive outlook reflects our view that if Alberta adheres to the governance controls as per its fiscal framework introduced in 2023, its debt and liquidity levels could be stronger than we currently project," Moody’s report stated.The CTF has long advocated for the Alberta government to keep spending increases below inflation plus population growth, a stance they have maintained since the mid-1990s. Last year, the Alberta government enacted balanced budget and spending restraint legislation.Moody’s positive outlook follows a recent upgrade from another credit ratings agency, Fitch. According to the Alberta government's year-end report, interest charges on the provincial government’s debt will cost taxpayers $3.1 billion this year."Credit ratings matter because Albertans pay billions of dollars on debt interest charges every year," Sims noted. "Better credit ratings could make it less expensive to make payments on the debt, and the less money we waste on interest charges, the better.".This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.