Tax changes struck a major blow to the province’s business climate.
alberta debt
Alberta’s first-quarter fiscal update now expects the province’s operating deficit this year will be $10.9 billion.
This year Alberta is projected to run a budget deficit of $10.9 billion.
Sustained program spending growth by successive governments is the primary reason for the big deficits.
The NDP government has unwittingly told would-be investors and entrepreneurs that their efforts and talents are better deployed elsewhere.
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.
Alberta's overall net financial assets deteriorated by $9.2 billion last year.
The Notley government is spinning like mad to distance itself from some painful numbers.