The provincial government revised its $1.0 billion projected budget surplus to a $250.5 million projected deficit.
Government Spending & Taxes
Ottawa's plan to reduce emissions would cost Alberta an estimated 80,000 jobs in 2030.
Projected federal spending from 2024 to 2027 is now $30.7 billion higher than previous forecasts.
The province's net debt will reach a projected $3.2 billion by 2025/26.
Federal program spending is expected to grow by $132.7 billion—or 41 per cent—between 2014/15 and 2023/24.
The auditor general found that $4.6 billion in payments for programs such as CERB were made to individuals who were ineligible.
The province eliminated its rainy-day account in 2007/08.
According to forecasts, federal spending will be $89.2 billion higher than previously projected for 2022/23 and $80.7 billion higher in 2023/24.
At every opportunity, the government has spent unexpected revenue windfalls.
Under the CCB, the share of total child benefit spending for families with incomes under $60,000 declined from 42.9 per cent to 29.7 per cent.
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