According to the PBO, Alberta must reduce spending by 3.1 per cent of GDP to restore fiscal sustainability.
alberta government finances
Between 2008/09 and 2019/20, the province's net debt increased by $71.8 billion.
Provincial program spending increased from $8,012 in 1999/00 to $10,618 by 2006/07.
Of the Alberta government's $54.3 billion in total spending, 50 per cent was on wages and benefits for government workers.
As a share of the provincial economy, Alberta's recent deficits are larger than those incurred in the early ’90s.
Alberta government program spending will reach a projected $13,644 per person in 2020/21.
In the 1990s, Premier Ralph Klein’s government reduced program spending by 21.6 per cent.
Alberta's net government debt will reach a projected $90.1 billion by 2022/23.