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    How Are We Doing? Monitoring Alaska's Fiscal Condition

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    Report
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    Author
    Goldsmith, Scott
    Keyword
    oil prices
    Alaska Permanent Fund
    checklist
    cash reserves
    budget strategy
    Metadata
    Show full item record
    URI
    http://hdl.handle.net/11122/12487
    Abstract
    Alaska’s government has been down on its luck this year, with low oil prices, a big deficit, and legal disputes over the budget. Despite all that, Alaska still has substantial assets. The state’s share of Alaska oil reserves is worth—even at low oil prices—about $16 billion. The Permanent Fund has a balance of $13 billion and earned $1 billion last year. Pages 2 and 3 of this summary examine what is happening to the state’s assets—and why preserving and building them is so important. The foldout details the risks of relying exclusively on cash reserves. Page 4 provides a simple checklist for monitoring the state’s progress toward the long-term budget strategy called the Safe Landing.
    Date
    1994
    Publisher
    Institute of Social and Economic Research, University of Alaska.
    Type
    Report
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