The province's deficit this year will be 4.6 per cent larger than the Ontario economy.
Blog - Fraser Forum
Some workers remain unemployed because the benefits are generous.
To make matters worse, Alberta recently received its third credit downgrade since December.
Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
The estimated time to clear the backlog has been reduced from 24 months to 15 months.
The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
Alberta will reduce its corporate income tax rate to 8 per cent.
Ontario entered this recession with an already elevated government debt burden.
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
Excluding residential investment, business investment dropped 17.3 per cent.