Alberta’s days of having unusually low debt servicing costs are coming to an end.
alberta government debt
Ontario’s government spends a billion dollars per month on debt interest payments.
The province’s debt will reach $45 billion by 2019/20.
Alberta has seen a run-up of projected net debt totalling about $10,000 per Albertan by 2019/20—up from essentially zero in 2015/16.
From 2015/16 to the current fiscal year, program spending in Alberta will have increased by 11 per cent.
The first two years of the Notley government have been marked by spending and tax increases.