alberta government finances
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.
To make matters worse, Alberta recently received its third credit downgrade since December.
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.