The update projects a $21.3 billion provincial budget deficit in 2020/21.
Debt interest will cost Ottawa an estimated $19.5 billion this year.
In the 1990s, federal debt-interest costs routinely eclipsed 30 per cent of revenues.
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.