Ratings agency DBRS has downgraded Alberta’s credit rating from AA (high) to AA.
alberta government spending
The PBO has given the Notley government another warning that spending is badly out of line with revenue.
The province’s debt will reach $45 billion by 2019/20.
Through two years, the Notley government has increased spending by 11 per cent.
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.
Government workers in Alberta are away from their jobs for personal reasons 73 per cent more days per year than private sector workers.
The province's projected $10.3 billion deficit for 2017/18 could be much higher.
British Columbia, with its lower level of per student spending, has some of the best student performance results in Canada.