alberta deficit

9:12AM
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Alberta’s multiple crises include waning economic freedom

This fiscal year, Alberta projects a historic budget deficit of $24.2 billion.


12:36PM
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Alberta’s government debt was unsustainable—before COVID

The Alberta government projects a $24.2 billion budget deficit in 2020/21.


11:01AM
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Massive budget deficit means Kenney government must further reduce spending

Government program spending will now reach an estimated $60.1 billion in 2020/21, about $13,550 per Albertan.


8:52PM
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Kenney government should learn from past deficit-reduction plans
Alberta will run a projected $20 billion budget deficit this year.

9:11AM
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Kenney government must continue move towards balanced budget
To make matters worse, Alberta recently received its third credit downgrade since December.

11:48AM
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Alberta spent during the good times, which means deeper red ink during these bad times

The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.


12:40PM
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Alberta deficit likely far worse than expected

Chronic deficits through good times and bad have led to a roughly $70 billion erosion of the province’s financial assets.


12:53PM
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Alberta careening towards fiscal disaster
The province has added an average of nearly $10 billion in debt annually since 2015/16.