According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk from volatile resource revenue.
alberta government finances
The government plans to quadruple spending on school construction from $2.1 billion to $8.6 billion.
Good fiscal planning is about making prudent choices.
The province's net financial position deteriorated by $94.9 billion over this period.
The government will spend a projected $6,037 more per Albertan over four years than it originally planned.
The change would save approximately 2.3 million Albertans an average of $1,573 per year.
The government will spend a projected $6,037 more per Albertan over four years than it planned in the 2022 mid-year update.
This year, program spending will reach a projected $14,334 per Albertan, which is $1,603 higher than the original plan.
By shifting resources and money, the government is simply shifting jobs into film and away from other sectors.