Alberta's budget deficit will hit a projected $24.2 billion in 2020/21.
The Kenney government now faces a massive $24.2 billion budget deficit.
To make matters worse, Alberta recently received its third credit downgrade since December.
According to the Kenney government, debt interest costs will hit $3 billion by 2022/23.
Alberta has blown through $75 billion in financial assets since 2007/08.
The province's net government debt will climb to approximately $55 billion this year.
Without Alberta’s net contributions, Canada would have racked up upwards of $100 billion more debt since 2014.
Premier Kenney says province likely to run a deficit close to $20 billion.
The province's annual debt-servicing costs will increase to a projected $3 billion by 2022/23.