To eliminate the deficit, the government’s four-year plan will cut program spending by 1.6 per cent over four years.
alberta government spending
Additional spending reductions would have created additional fiscal room for pro-growth tax reform.
Per-person spending in Alberta last year was 18.5 per cent higher than in next-door B.C.
The top combined personal income tax rate in Alberta is now 48 per cent compared to 39 per cent in 2014.
Alberta spent $2,451 per person more than the average spent by the three largest provinces.
The Blue Ribbon Panel and the Kenney government face a daunting fiscal challenge.
The province has $28 billion in net debt.
The Notley government’s failure to restrain spending is quickly growing Alberta’s debt burden.