Between now and 2022/23, Alberta’s per-person debt is projected to grow by 157 per cent.
Canada’s federal net debt will climb to $831.5 billion by 2022-23.
Interest payments on household debt consume 6 per cent of disposable income compared to almost 11 per cent in 1990.
The province's net financial debt will climb by $35.4 billion between now and 2019/20.
In the debate over whether the Alberta government should reduce and reform spending to cushion the blow from falling revenues, some claim higher taxes will balance the books.