A reliance on non-renewable resource revenue has caused trouble for the provincial finances for decades.
The program offset just 3.5 per cent of Alberta’s year-over-year revenue loss.
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues.
According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24.
The provincial government ran deficits in 12 of the past 13 years.
Of the Alberta government's $54.3 billion in total spending, 50 per cent was on wages and benefits for government workers.
As a share of the provincial economy, Alberta's recent deficits are larger than those incurred in the early ’90s.
Alberta's new budget projects a $18.2 billion deficit in 2021/22.
Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta.
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.