Governments in Alberta have a long history of increasing provincial spending during periods of high resource revenue, which inevitably leads to deficits once resource revenues decline.
alberta budget
September 28, 2022
2:36PM
The province will run a $13.2 billion projected surplus in 2022/23 due largely to resource revenue.
May 19, 2022
9:02AM
The province's revenues could be up to $28 billion higher over the next two years.
April 6, 2022
9:23AM
Without the recent resource revenue windfall, the province would still face a large deficit this year.
September 22, 2021
1:31PM
A boost in projected revenues this year have reduced the expected deficit for 2021/22, but this will only provide a small amount of relief.
June 30, 2021
3:49PM
Between 2008/09 and 2019/20, the province's net debt increased by $71.8 billion.
May 26, 2021
1:39PM
The province's net debt will reach a projected $102.1 billion by 2023/24.
May 3, 2021
3:01PM
A reliance on non-renewable resource revenue has caused trouble for the provincial finances for decades.
March 11, 2021
9:55AM
The provincial government ran deficits in 12 of the past 13 years.