The cost of servicing the province’s debt has increased to more than $2 billion.
Premier Kenney says province likely to run a deficit close to $20 billion.
The province's annual debt-servicing costs will increase to a projected $3 billion by 2022/23.
Chronic deficits through good times and bad have led to a roughly $70 billion erosion of the province’s financial assets.
Last year, the province ran a $6.7 billion operating deficit.
Additional spending reductions would have created additional fiscal room for pro-growth tax reform.
Government revenues in all provinces—but especially Alberta—are unpredictable.
Alberta's per-person debt-service costs may hit $655 by 2020/21.
Norway's Sovereign Wealth Fund is now worth US$1 Trillion.