By 2018/19, the cost of servicing Alberta’s provincial debt will roughly double to $2 billion.
By 2016/17, Alberta’s debts exceeded its financial assets for the first time since 2000/2001.
Spending choices have largely driven the province’s nearly unbroken string of deficits.
The Notley government will unveil Alberta’s 2017 budget next week.
Alberta government program spending is up $700 million from what was initially budgeted.
Alberta’s first-quarter fiscal update now expects the province’s operating deficit this year will be $10.9 billion.
Sustained program spending growth by successive governments is the primary reason for the big deficits.