The government will spend $2,401 more per person than planned in Budget 2022.
alberta government debt
From 2008/09 to 2020/21, the province racked up $60 billion in provincial net debt.
According to projections, debt interest costs will reach $3.1 billion in 2025/26.
The province’s current spending levels greatly exceed its tax revenues.
Program spending is projected to be $4.2 billion higher in 2023/24 than budgeted just a few months ago.
It would be irresponsible for the Smith government to repeat the mistakes of past governments.
The province's debt interest costs will reach a forecasted $2.7 billion this year.
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.