The Liberals ran three years of deficits totalling $51.9 billion, more than double the amount promised during the campaign.
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
This year's federal budget deficit will reach an estimated $381.6 billion.
Up to $22.3 billion of income stabilization spending was likely wasted or poorly targeted.
Per-person federal government program spending will reach an estimated $16,350 in 2020.
This government has not released a long-term forecast of spending, taxation and borrowing since 2018.
Between fiscal years 2014/15 and 2018/19, Alberta’s net contribution to Confederation was $94.9 billion.
The federal debt will reach nearly 70 per cent of GDP by 2050.