The Notley government increased spending by nearly 13 per cent over is first two full fiscal years in office.
Capital investment in Canada’s oil and gas sector declined by an estimated 44 per cent from 2014 to 2017.
The Notley government overshot its budgeted spending levels by $2 billion in 2016/17 and $1 billion in 2017/18.
The Notley government recently released its third quarter fiscal update.
Last week Kinder Morgan projected that the Trans Mountain pipeline project could be a year behind schedule.
Ratings agency DBRS has downgraded Alberta’s credit rating from AA (high) to AA.
The PBO has given the Notley government another warning that spending is badly out of line with revenue.
The province’s debt will reach $45 billion by 2019/20.
Over the past three years, Alberta’s average annual total job growth was a meagre 0.6 per cent.