This fiscal year, Alberta projects a historic budget deficit of $24.2 billion.
The Alberta government projects a $24.2 billion budget deficit in 2020/21.
Alberta's budget deficit will hit a projected $24.2 billion in 2020/21.
Government program spending will now reach an estimated $60.1 billion in 2020/21, about $13,550 per Albertan.
The Kenney government now faces a massive $24.2 billion budget deficit.
The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.
Chronic deficits through good times and bad have led to a roughly $70 billion erosion of the province’s financial assets.