Welcome!

Microsoft Cloud Authors: David H Deans, Pat Romanski, Janakiram MSV, Jnan Dash, Andreas Grabner

News Feed Item

The Fraser Institute: Newfoundland's Kathy Dunderdale Ranked Best Fiscal Manager Among Provincial Premiers, Manitoba's Greg Selinger Worst

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/06/12 -- Premier Kathy Dunderdale of Newfoundland and Labrador has governed with the best fiscal policy among 10 provincial premiers, according to a new report released today by the Fraser Institute, Canada's leading public policy think-tank.

The report, Measuring the Fiscal Performance of Canada's Premiers 2012, is a relative assessment of how Canada's premiers have managed the public finances of their provinces. It ranks 10 premiers (eight current and two former) on three components of fiscal policy: government spending, taxes, and debt and deficits.

"The pursuit of sound fiscal policy by our premiers is an important foundation for improving our economic well-being," said Charles Lammam, Fraser Institute economist and co-author of the report.

"Sound fiscal policy means premiers have to manage government spending prudently, balance budgets, and avoid imposing a tax burden so heavy that it becomes a disincentive for people to work hard, save, invest, and be entrepreneurial. The economic record shows clearly that these factors help foster economic growth and prosperity."

Kathy Dunderdale (Newfoundland and Labrador) ranked first overall with a score of 71.4 out of 100; David Alward (New Brunswick) placed second, with a score of 70.4; Brad Wall (Saskatchewan) was third, with a score of 61.6; and Christy Clark (British Columbia) ranked fourth, with a score of 60.8.

All other premiers scored less than 50 out of 100. Ed Stelmach (former premier of Alberta) placed fifth, with a score of 49.1; Darrell Dexter (Nova Scotia) came in sixth, with a score of 37.9; Jean Charest (former premier of Quebec) was seventh, with a score of 35.9; Dalton McGuinty (Ontario) ranked eighth, with a score of 28.9; Robert Ghiz, (Prince Edward Island) placed ninth, with a score of 23.5; and Greg Selinger (Manitoba) was last overall, with a score of 19.2 out of a possible 100.

Spotlight on Government Spending

A large body of academic research shows that excessive increases to government spending can hinder an economy's performance.

On government spending, New Brunswick's David Alward took top position with a score of 88.5 out of a possible 100, followed by Kathy Dunderdale (Newfoundland and Labrador) at 70.8 and Christy Clark (British Columbia) at 54.5. The remaining premiers scored below 50: Darrell Dexter (Nova Scotia) at 31.3, Jean Charest (Quebec) at 29.9, Ed Stelmach (Alberta) at 28.6, Brad Wall (Saskatchewan) at 27.5, Robert Ghiz (PEI) at 13.9, Dalton McGuinty (Ontario) at 12.3, and Greg Selinger (Manitoba) last overall with a score of 0.0.

Premiers who increased spending faster than economic growth and the rate needed to compensate for inflation and population growth performed worse on this component than their counterparts.

On Taxes

Tax rates and the structure of the tax system have a significant impact on incentives that influence whether businesses and individuals engage in productive economic activity.

New Brunswick's David Alward led with a score of 87.6 out of a possible 100, followed by Ed Stelmach (Alberta) with a score of 70.0, Christy Clark (British Columbia) at 62.8, Brad Wall (Saskatchewan) at 57.4, and Dalton McGuinty (Ontario) at 54.8. The remaining premiers scored below 50: Greg Selinger (Manitoba) at 44.8, Kathy Dunderdale (Newfoundland and Labrador) at 43.3, Jean Charest (Quebec) at 38.0, Robert Ghiz (PEI) at 32.0, and Darrell Dexter (Nova Scotia) last overall with a score of 14.1.

Premiers who maintained lower corporate and personal tax rates and reduced them relative to their counterparts performed better, as did premiers who presided over personal income tax systems with fewer, rather than more, tax brackets.

Tackling Debt and Deficits

Debts and deficits are a critical aspect of fiscal performance because annual deficits increase the overall level of government debt, requiring more tax dollars to be spent on interest costs and less on public services and tax relief.

Kathy Dunderdale of Newfoundland and Labrador and Brad Wall of Saskatchewan tied for first place on this measure with perfect scores of 100. They were the only premiers to both record a surplus and reduce net debt, on average, during their tenures.

Darrell Dexter (Nova Scotia) was a distant third, scoring 68.4, with Christy Clark (British Columbia) in fourth at 65.0. The other six premiers, all of whom incurred a deficit, failed to score above 50: Ed Stelmach (Alberta) at 48.6, Jean Charest (Quebec) at 39.9, David Alward (New Brunswick) at 35.1, Robert Ghiz (PEI) at 24.8, Dalton McGuinty (Ontario) at 19.7, and Greg Selinger (Manitoba) last overall with a score of 12.7 out of a possible 100.

The Debt and Deficits component measures a premier's use of deficit financing for government spending and whether they increased the province's accumulated debt burden.

"With nearly all provinces expecting budget deficits and increased government debt this year, prudent fiscal management is a pressing economic issue for many Canadians," Lammam said.

"Premiers who fare well should be commended, while those lagging behind should use the performance of others as a model for reform. Regardless of where they ranked, all premiers, even those with high rankings, have room for improvement."

In Measuring the Fiscal Performance of Canada's Premiers 2012, each premier's performance is measured over the time he or she held office up to the most recent year with available historical data (fiscal year 2011/12). Some premiers were evaluated over a longer period than others; for instance, Quebec's former premier Jean Charest was evaluated for the longest period (2003/04 to 2011/12), whereas British Columbia's Christy Clark, New Brunswick's David Alward, and Newfoundland and Labrador's Kathy Dunderdale were evaluated for the shortest period (2011/12).

Follow the Fraser Institute on Twitter - Like us on Facebook

The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
"Storage is growing. All of IDC's estimates say that unstructured data is now 80% of the world's data. We provide storage systems that can actually deal with that scale of data - software-defined storage systems," stated Paul Turner, Chief Product and Marketing Officer at Cloudian, in this SYS-CON.tv interview at 17th Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of patie...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.