According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24.
alberta government debt
As a share of the provincial economy, Alberta's recent deficits are larger than those incurred in the early ’90s.
Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta.
Alberta's deficit this year will be the largest in history, relative to the size of the provincial economy, at 6.9 per cent of GDP.
Alberta is projected to experience the largest increase in per-person net debt of any province from 2007/08 to 2020/21.
The province's net debt will reach a projected $63.5 billion in 2020/21.
The province expects a $15.5 billion budget deficit next year.
Government debt interest will cost Albertans a projected $3.0 billion by 2022/23.