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Alberta celebrates ‘Balanced Budget Tax Freedom Day’ later than any other province
This year's combined projected federal and provincial government deficits total $234 billion. ...
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Rising debt interest costs further threaten Alberta finances
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues. ...
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At this rate, Alberta’s debt could look like Ontario’s in a decade
Appeared in the Edmonton Journal, February 4, 2020 Alberta has a reputation for being a low-debt jurisdiction. In fact, heading into the 2008-09 financial crisis, the province had amassed $35 billion in net financial assets. In other words, unlike every ...
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Government debt—the burden on Albertans continues to grow
At quick glance, you might think Albertans are fortunate to have a relatively low provincial debt burden. But that’s an incomplete and perhaps misleading story. In reality, the debt burden for Albertans is growing quickly. Of course, the ...