The price of Brent Crude oil could reach US$100 per barrel in 2022 due to a surge in demand.
alberta government spending
As a share of the provincial economy, Alberta's recent deficits are larger than those incurred in the early ’90s.
Alberta's new budget projects a $18.2 billion deficit in 2021/22.
Alberta government program spending will reach a projected $13,644 per person in 2020/21.
In the 1990s, Premier Ralph Klein’s government reduced program spending by 21.6 per cent.
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.
Alberta saw spending reductions of 20 per cent during the reforms of the 1990s.