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.
alberta government finances
From 2015/16 to the current fiscal year, program spending in Alberta will have increased by 11 per cent.
Economic recovery in Alberta is crucial not just for Albertans, but for Canada’s public finances.
Over 10 years, approximately 270,000 more people moved to Alberta from the rest of the country than moved from Alberta to somewhere else in Canada.
The first two years of the Notley government have been marked by spending and tax increases.
The spending reforms of the 1990s laid the foundation for tax reforms and an extended period of prosperity.
Government debt interest payments in Alberta will more than double to $2.3 billion by 2019/20.