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.
alberta deficit
The province's per-person spending is significantly higher than in Ontario, B.C. and Quebec.
By making fiscal rules constitutional in nature, governments can protect them from being ignored.
This year's combined projected federal and provincial government deficits total $234 billion.
The program offset just 3.5 per cent of Alberta’s year-over-year revenue loss.
Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta.
Alberta is projected to experience the largest increase in per-person net debt of any province from 2007/08 to 2020/21.
In the 1990s, Premier Ralph Klein’s government reduced program spending by 21.6 per cent.
Government debt interest will cost Albertans a projected $3.0 billion by 2022/23.
Alberta’s fiscal capacity dropped by an estimated 45.1 per cent between 2007 and this year.









