If it held the line on spending, the government could have run a $6.7 billion surplus in 2023/24.
alberta government finances
Program spending is projected to be $4.2 billion higher in 2023/24 than budgeted just a few months ago.
It would be irresponsible for the Smith government to repeat the mistakes of past governments.
Successive governments have perpetuated the boom-bust cycle of provincial finances.
The province will run a projected $12.3 billion budget surplus this fiscal year.
By reducing provincial debt, the province would be better prepared for the next inevitable shock.
Alberta's fund was valued at just C$16.2 billion compared to US$65.3 billion for Alaska’s fund.
The province had the largest growth in government net debt in Canada from 2007/08 to 2021/22.