Fraser Institute News Release: Alberta's Danielle Smith ranks highest among sitting premiers for fiscal management; BC's Eby and NFLD's Furey rank lowest

VANCOUVER, BC, Jan. 23, 2025 /CNW/ - Among current Canadian premiers, Alberta'sDanielle Smith ranks highest for managing provincial finances, while British Columbia'sDavid Eby and Newfoundland and Labrador'sAndrew Furey rank the lowest, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

"Sound fiscal policy is a crucial driver of economic well-being for the people of a province, and the premier sets the direction of a government," said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of Measuring the Fiscal Performance of Canada's Premiers.

The study ranks Canadian premiers (eight current and two former) based on three fiscal policy categories: government spending, taxes, and deficits and debt up to the end of the 2023/24 fiscal year. Premiers who managed spending more prudently, balanced their budgets and paid down debt, and reduced or maintained tax rates ranked higher.

Overall, former New Brunswick Premier Blaine Higgs ranked first in overall fiscal performance with a score of 71.5 out of 100. Higgs specifically ranked second on the measure of debt and deficits, having been the premier who ran the largest surpluses as a share of GDP.

Higgs is followed by Manitoba's former Premier Heather Stefanson (64.3), who was defeated in 2023, but was still included in the analysis.

Alberta'sDanielle Smith (63.7) ranked highest among current serving premiers, followed by Ontario'sDoug Ford (59.7). BC's David Eby ranked 9th and the lowest-ranked was Newfoundland and Labrador'sAndrew Furey.

"All premiers have room for improvement and given the importance of sound fiscal policy, they all should look to prioritize restraint in spending, balanced budgets, lowering debt levels and establishing a more competitive provincial tax system," Fuss said.

^{*indicates former premier}

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, Montreal and Halifax and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org

SOURCE The Fraser Institute