alberta government finances
The cost of servicing the province’s debt has increased to more than $2 billion.
Alberta has blown through $75 billion in financial assets since 2007/08.
The province's annual debt-servicing costs will increase to a projected $3 billion by 2022/23.
The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.
The Trudeau government created a new top tax bracket that raised the top federal rate to 33 per cent.
The province's net debt is expected to grow by $11 billion over the next three years.