Welcome!

Microsoft Cloud Authors: Elizabeth White, Mihai Corbuleac, Pat Romanski, David Bermingham, Steven Mandel

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
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
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...
The IoTs 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, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
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...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
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...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
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...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
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...
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...
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 ...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, 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. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...