Ontario has seen its net debt increase by $126.5 billion since 2008/09.
alberta government spending
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.
In 2015/16, Alberta is scheduled to run its seventh deficit in eight years.
Between 2004/05 and 2015/16, the Alberta government increased program spending by roughly 100 per cent.