joe ceci

1:34PM
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By 2018/19, the cost of servicing Alberta’s provincial debt will roughly double to $2 billion.


8:41AM
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By 2016/17, Alberta’s debts exceeded its financial assets for the first time since 2000/2001.


3:10PM
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By 2019/20, Alberta’s net debt will reach $45 billion or $10,000 for every man, woman and child.

10:35AM
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Spending choices have largely driven the province’s nearly unbroken string of deficits.


6:00AM
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Alberta plans to increase spending this year faster than any other provincial government in Canada.

8:54AM
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Alberta government program spending is up $700 million from what was initially budgeted.


3:45AM
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Alberta’s first-quarter fiscal update now expects the province’s operating deficit this year will be $10.9 billion.


2:38PM
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Sustained program spending growth by successive governments is the primary reason for the big deficits.


12:00PM
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The province has run an operating deficit in all but one year since 2008/09—even when oil prices exceeded $90 per barrel.