The province closed out the decade with an estimated $36.6 billion in net debt.
alberta government debt
Premier Ralph Klein’s government reduced program spending by 21.6 per cent over three years.
The province has $28 billion in net debt.
Alberta’s days of having unusually low debt servicing costs are coming to an end.
Ontario’s government spends a billion dollars per month on debt interest payments.
The province’s debt will reach $45 billion by 2019/20.
Alberta has seen a run-up of projected net debt totalling about $10,000 per Albertan by 2019/20—up from essentially zero in 2015/16.
From 2015/16 to the current fiscal year, program spending in Alberta will have increased by 11 per cent.