The province is currently experiencing a windfall of resource revenue.
alberta revenues
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.
If Alberta had followed Alaska’s model, Albertans could have received $101.5 billion in dividends.
Alberta became eligible for stabilization payments in 2015/16 and 2016/2017.
The Notley government recently released its third quarter fiscal update.
Jason Kenney, leadership candidate for Alberta’s United Conservative Party, called for reform to Canada’s equalization program.