This fiscal year, Alberta projects a historic budget deficit of $24.2 billion.
Government workers in Alberta received 9.3 per cent more (on average) in wages than their private-sector counterparts.
The last provincial budget estimated the government will run deficits until 2023/24.
According to government projections, Alberta’s net debt will hit $56 billion by 2023/24.
Ontario and Alberta are projecting budget deficits for years to come.
Ontario’s government spends a billion dollars per month on debt interest payments.
The budget projects Alberta’s operating deficit this year will be $8.8 billion.
The Notley government recently released its third quarter fiscal update.
The PBO has given the Notley government another warning that spending is badly out of line with revenue.