Economic growth has been considerably weaker than expected.
alberta government finances
This year, the Kenney government forecasts an $8.7 billion operating deficit.
The province closed out the decade with an estimated $36.6 billion in net debt.
Government revenues in all provinces—but especially Alberta—are unpredictable.
Per-person spending in Alberta last year was 18.5 per cent higher than in next-door B.C.
The Notley government plans to increase spending by $146 million beyond what was budgeted in the spring.
Ontario’s government spends a billion dollars per month on debt interest payments.
Alberta has seen a run-up of projected net debt totalling about $10,000 per Albertan by 2019/20—up from essentially zero in 2015/16.
From 2015/16 to the current fiscal year, program spending in Alberta will have increased by 11 per cent.