The Kenney government now faces a massive $24.2 billion budget deficit.
Government Spending & Taxes
Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
The cost of servicing the province’s debt has increased to more than $2 billion.
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
This year's federal budget deficit will be an estimated $343.2 billion.
C.D. Howe op-ed cites no empirical evidence or research to substantiate its opinions.
Canada's equalization program cost Alberta taxpayers approximately $3.1 billion in 2017.
Budget include an additional $185 million in transfers from Ottawa.
Forecasts project a -5.1 per cent decline in the province's GDP.
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