The Alberta government projects a $24.2 billion budget deficit in 2020/21.
alberta government debt
Government workers in Alberta received 9.3 per cent more (on average) in wages than their private-sector counterparts.
Alberta's budget deficit will hit a projected $24.2 billion in 2020/21.
Government program spending will now reach an estimated $60.1 billion in 2020/21, about $13,550 per Albertan.
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.
The cost of servicing the province’s debt has increased to more than $2 billion.
The province's net government debt will climb to approximately $55 billion this year.
Premier Kenney says province likely to run a deficit close to $20 billion.