The province will run a $13.2 billion projected surplus in 2022/23 due largely to resource revenue.
From 2008/09 to 2020/21, the province's net financial position deteriorated by almost $100 billion.
In 2017, the province's per-person spending reached its highest level since 1965.
Alberta’s fiscal improvement is good news, but without significant policy changes, it will only last so long as commodity prices stay high.
The province is currently experiencing a windfall of resource revenue.
The province's resource revenue is expected to increase from $3.3 billion in 2020/21 to $13.7 billion in 2021/22.
Resource revenue will be $9.1 billion higher in 2022/23 than projected last year.
Alberta's government finances deteriorated by roughly $97 billion over 15 years.
Reforms in the 1990s led to a marked decline in welfare dependency and reduced spending on social assistance.