The Kenney government plans to reduce spending by 1.6 per cent over four years.
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.
Alberta spent $2,451 per person more than the average spent by the three largest provinces.
Report recommends holding nominal program spending flat until 2022/23.
Interest payments on Alberta's government debt jumped from $61 (per person) to $655.
The province's debt interest costs were more than $400 per person in 2018/19.
Tax revenue from Albertans helps fund services all Canadians enjoy.
A proliferation of regulations and government interventions have dramatically shaken investor confidence.