Separation could cost Alberta up to $170B: independent report
The report says a separation would disrupt the economy and cut a typical worker’s earnings by almost $5,500 a year, officials said.
- On Wednesday, a University of Calgary School of Public Policy report commissioned by the Alberta government estimated separation could cost between $50 billion and $170 billion over five years, causing significant economic disruption.
- Alberta's debt would surge by $324 billion upon separation as the province assumes its share of national liabilities, bringing total debt to $442 billion.
- Establishing a new country would cost between $50 billion and $170 billion over five years, with GDP dropping about 2.2 per cent and typical workers earning almost $5,500 less annually in the short term.
- Finance Minister Jason Nixon emphasized the report highlights both 'smooth' and 'difficult' negotiation scenarios, with the assessment stressing the high costs and uncertainty of separation for Alberta.
- The panel stated the rest of Canada would be better off if Alberta remains, despite the report projecting long-term GDP could rise 3.4 per cent over 20 years.
37 Articles
37 Articles
Alberta Report Says Separation Could Cost $170 Billion Over 5 Years
Separating from Canada could cost Alberta up to $170 billion over the first five years, a report commissioned by the province suggests. The report by the University of Calgary’s School of Public Policy estimates the cost of withdrawing from Confederation to range from a minimum of $50 billion to a maximum of $170 billion. The report’s estimate takes into account the cost of building new infrastructure, hiring an estimated 70,000 civil servants t…
A report commissioned by the Alberta government estimates that the cost of separation from Canada could reach $170 billion for the first five years alone.
Alberta separation could cost $170 billion in first 5 years: report
A report on Alberta’s separation from Canada finds establishing a new country would cost several tens of billions of dollars and as much as $170 billion in the first five years. However, the report also shows some long term benefits for Albertans. In addressing the report, the province says in a news release “the short-term […]
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