To make matters worse, Alberta recently received its third credit downgrade since December.
alberta government finances
July 16, 2020
10:59AM
The cost of servicing the province’s debt has increased to more than $2 billion.
June 11, 2020
9:47AM
Alberta has blown through $75 billion in financial assets since 2007/08.
April 22, 2020
2:17PM
The province's annual debt-servicing costs will increase to a projected $3 billion by 2022/23.
April 9, 2020
11:48AM
The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.
March 30, 2020
1:47PM
Once you adjust for inflation and population growth, Alberta’s economy barely grew at all between 2008 and 2018.
March 11, 2020
12:53PM
The province has added an average of nearly $10 billion in debt annually since 2015/16.
March 5, 2020
10:22AM
The Trudeau government created a new top tax bracket that raised the top federal rate to 33 per cent.
March 3, 2020
9:15AM
From 2014 to 2015, Alberta’s non-renewable resource revenue collapsed from $8.9 billion to $2.8 billion.
February 29, 2020
12:10AM
The province's net debt is expected to grow by $11 billion over the next three years.