Alberta ran deficits even before oil prices fell.
alberta budget
July 15, 2016
11:06AM
According to the annual report, the province’s operating deficit for the year was $6.4 billion—about $300 million more than projected by the Notley government.
April 28, 2016
1:09PM
Alberta projects a budget deficit of $28.9 billion over the next three years.
April 27, 2016
9:00AM
The budget calls for $2.2 billion in new spending on “green infrastructure.”
April 22, 2016
11:00AM
By 2018/19, net debt will reach $33.2 billion—about $7,500 for every Albertan.
April 18, 2016
12:00PM
The province has run an operating deficit in all but one year since 2008/09—even when oil prices exceeded $90 per barrel.
April 15, 2016
9:00AM
Alberta expects to rack up $37 billion in new debt over the next three years.
April 14, 2016
3:30PM
There are 175 collective bargaining agreements with public-sector employees coming up for negotiation in the near future.
April 13, 2016
3:31PM
Alberta will become a net debtor province this year for the first time since 1999/00.
April 13, 2016
10:00AM
Ontario has seen its net debt increase by $126.5 billion since 2008/09.