The province had the largest growth in government net debt in Canada from 2007/08 to 2021/22.
The province's debt interest costs will reach a forecasted $2.7 billion this year.
As resource revenue began increasing, Alberta’s per-person government spending increased from $7,393 to $13,114.
Alberta’s government-sector workers enjoy a 9.3 per cent wage premium over their private-sector counterparts.
The province's revenue will likely be even higher than forecast in Budget 2022.
Higher resource revenue accounts for nearly 80 percent of the $11.5 billion improvement in the province's budgetary balance in 2022/23.
By 2043, Albertans aged 65 or older will account for a projected 19 per cent of the province's population.
Alberta's government finances deteriorated by roughly $97 billion over 15 years.
According to forecasts, the province's net financial debt will eclipse $69 billion this fiscal year.