Search

Search results

1. Rising debt interest costs further threaten Alberta finances

   By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues. ...

2. Alberta’s government debt interest costs continue to soar

   According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24. ...

3. Rising debt-interest payments further threaten Alberta government’s deteriorating fiscal situation

   Appeared in the Calgary Sun, December 9, 2020 Last week in this space, we outlined the Alberta government’s deteriorating finances, as spelled out in the Kenney government’s recent fiscal update, which projects that the province will rack up $50.0 billion ...

4. Alberta fiscal update projects budget deficits over next three years—with consequences

   According to the Kenney government’s mid-year update released on Tuesday, Alberta’s fiscal troubles are far from over. The update projects a $21.3 billion budget deficit in 2020/21, a $15.5 billion deficit in 2021/22 and a $9.9 billion ...

5. Alberta taxpayers on the hook for growing government debt interest payments

   Appeared in the Edmonton Sun, July 29, 2020 The Government of Alberta is awash in red ink. The province has gone from being “debt free” in 2015 to $35 billion in debt at the end of the 2019 fiscal year. This year, that debt load will grow much larger ...

6. Debt-servicing costs—Alberta catching up to other provinces

   Until recently, Albertans paid very little to service provincial debt. This represented a significant fiscal advantage over every other province that had to spend substantial amounts of money each year paying interest on their debt.  ...

7. Per person cost of servicing Alberta debt increasing by roughly $100 per year

   Albertans have until recently enjoyed a unique advantage in Canada: a provincial government with no net debt. Having no “net debt” means that while Alberta did carry some debt – for instance, to finance capital projects – the province ...

8. The Decline of the Other Alberta Advantage: Debt Service Costs in Alberta Are Rising

   Throughout recent history, Albertans have enjoyed a substantial fiscal advantage other Canadian taxpayers, resulting from the fact that government debt interest payments in Alberta have been far lower than in any other province. For example, in ...