In 2023/24, debt interest payments will cost a projected $3.4 billion, equal to $691 per Albertan.
alberta government spending
According to projections, government debt interest will cost nearly $1,000 per British Columbian by 2026/27.
The province plans to spend $13.9 billion more over two fiscal years than originally planned in mid-year 2022.
The government should learn from past experience and ensure new rules about the fund are constitutional.
Program spending from 2023/24 to 2025/26 will be $6.4 billion higher than projected just three months ago.
In 2022/23, Alberta's program spending was $13,570 per person, more than $1,200 higher than Ontario.
Young Albertans are paying the price today for the past 15 years of government debt accumulation.
The government has increased program spending by nearly $10 billion since its original plan in 2022.
The government will spend $2,401 more per person than planned in Budget 2022.