alberta government's finances

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Alberta government increased spending despite promise of ‘restraint’

The province plans to spend $13.9 billion more over two fiscal years than originally planned in mid-year 2022.

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Albertans continue to pay for government debt—despite budget surpluses

The province's debt interest costs increased from $61 per person in 2007/08 to a projected $672 per person in 2023/24.

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Alberta could get off resource roller coaster with rainy-day account

Since its 2022 mid-year fiscal update, the government has increased program spending by $10.1 billion.

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Alberta Premier Jim Prentice has warned Albertans that the current fiscal year’s projected surplus has turned into at least a $500 million deficit and that next year’s budget will sink deeper into red-ink territory.