Alberta expects to rack up $37 billion in new debt over the next three years.
alberta government spending
There are 175 collective bargaining agreements with public-sector employees coming up for negotiation in the near future.
Ontario has seen its net debt increase by $126.5 billion since 2008/09.
The projected deficit is $10.4 billion, up from $6.3 billion last year.
Alberta’s debt could balloon to $36.1 billion by 2019/20—46 per cent more than currently expected.
The last thing businesses and consumers need is yet another new tax piled on top.
Between 2004/05 and 2014/15, Alberta’s provincial government increased program spending by nearly 100 per cent.
The real “resource curse” is the way successive Alberta governments squandered revenues from resource development.
With budget season on the horizon, the headlines may mask the magnitude of growth in government debt.