The province's net financial position deteriorated by $94.9 billion over this period.
alberta economy
Federal policies are largely to blame for the massive decline in investment in the extraction sector.
In 2023/24, debt interest payments will cost a projected $3.4 billion, equal to $691 per Albertan.
With respect to employment, Alberta’s was the most diversified economy in Canada in 2020.
Due to the higher tax, the province will lose an estimated 30,544 jobs by 2030.
Alberta had the lowest top personal income tax bracket in North America in 2014—now it has the 10th highest.
Between fiscal years 2014/15 and 2018/19, Alberta’s net contribution to Confederation was $94.9 billion.
Government program spending will now reach an estimated $60.1 billion in 2020/21, about $13,550 per Albertan.
The Kenney government now faces a massive $24.2 billion budget deficit.