According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk from volatile resource revenue.
alberta budget
The government will spend a projected $6,037 more per Albertan over four years than it originally planned.
The government will spend a projected $6,037 more per Albertan over four years than it planned in the 2022 mid-year update.
By shifting resources and money, the government is simply shifting jobs into film and away from other sectors.
In 2023/24, debt interest payments will cost a projected $3.4 billion, equal to $691 per Albertan.
Program spending from 2023/24 to 2025/26 will be $6.4 billion higher than projected just three months ago.
Since the Heritage Fund's inception, in most years the government has made no contributions to the fund.
Every dollar that goes towards debt repayment is a dollar unavailable for important services or tax relief.