'OPTIMISM' Explains Alberta's Expanded Deficit

摘要

Back in the mid-1990s, British Columbia's New Democratic government published a pre-election budget that forecast a balanced ledger for the then-ending fiscal year. The Glen Clark government quickly dropped the writ and narrowly won re-election. But soon after the election, the government revised its forecast. A deficit of almost $400 million was predicted, about what some private forecasters predicted back when the original budget was released.