How Are We Doing? Monitoring Alaska's Fiscal Condition

Authors

• Scott Goldsmith

Files

Description

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.

Publication Date

4-17-1994

Keywords

oil prices, Alaska Permanent Fund, checklist, cash reserves, budget strategy

Recommended Citation

Goldsmith, Scott, "How Are We Doing? Monitoring Alaska's Fiscal Condition" (1994). Reports. 552.
https://scholarworks.alaska.edu/uaa_iser_reports/552

Handle

http://hdl.handle.net/11122/12487