The Institute of Social & Economic Research

The Alaska Citizen's Guide to the Budget

Financial Assistance
provided by:

Fiscal Policy Council of Alaska

Comparisons
The Fiscal Gap
What is it?
New Revenues
Principles
A Generic Fiscal Plan
Other Proposals
Bogus Solutions

 

 

5. The Fiscal Gap

The Fiscal Gap

Economists and others have been predicting for many years that state finances have been too dependent on declining petroleum revenues. Several conferences and forums held during the 1990s focused on this problem and possible solutions. For a long time, however, little progress was made in dealing with this problem, mostly because oil revenues have been larger than predicted. Time now appears to be running out, and Alaskans are increasingly aware of the need to get state finances on firm ground.

 

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Page Updated October 21, 2003

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