The province's debt interest costs will reach a forecasted $2.7 billion this year.
alberta debt interest
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues.
Alberta's deficit this year will be the largest in history, relative to the size of the provincial economy, at 6.9 per cent of GDP.
Alberta is projected to experience the largest increase in per-person net debt of any province from 2007/08 to 2020/21.
Government debt interest will cost Albertans a projected $3.0 billion by 2022/23.
Alberta's net government debt will reach a projected $90.1 billion by 2022/23.
The update projects a $21.3 billion provincial budget deficit in 2020/21.
Government workers in Alberta received 9.3 per cent more (on average) in wages than their private-sector counterparts.
Alberta now has a net debt position of $30 billion.