According to government projections, Alberta’s net debt will hit $56 billion by 2023/24.
Ontario and Alberta are projecting budget deficits for years to come.
Ontario’s government spends a billion dollars per month on debt interest payments.
The budget projects Alberta’s operating deficit this year will be $8.8 billion.
The Notley government recently released its third quarter fiscal update.
The PBO has given the Notley government another warning that spending is badly out of line with revenue.
Through two years, the Notley government has increased spending by 11 per cent.
More big deficits of $9.7 billion and $7.2 billion are projected for the next two years.