The projected deficit is $10.4 billion, up from $6.3 billion last year.
Alberta’s debt could balloon to $36.1 billion by 2019/20—46 per cent more than currently expected.
The last thing businesses and consumers need is yet another new tax piled on top.
Between 2004/05 and 2014/15, Alberta’s provincial government increased program spending by nearly 100 per cent.
In 2015/16, Alberta is scheduled to run its seventh deficit in eight years.
Between 2004/05 and 2015/16, the Alberta government increased program spending by roughly 100 per cent.
The provincial government introduced numerous tax increases, essentially ending Alberta’s tax advantage relative to key competing jurisdictions.
Premier Jim Prentice dropped hints for months that the 2015 provincial budget was a once-in-a-generation chance to “fix” Alberta’s finances.