This year's federal per-person debt level is more than 25 per cent higher than in 2019.
The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.
The region's average per-person GDP is 32.7 per cent larger than Ontario's.
Federal program spending in 2021 will reach a projected $11,370 per person—or 18.7 per cent of the economy.
Between now and 2022/23, Alberta’s per-person debt is projected to grow by 157 per cent.
Once its net debt reaches $48 billion in 2020/21, Alberta will have burned through $83 billion in net assets in 13 years.