As a share of the provincial economy, Alberta's recent deficits are larger than those incurred in the early ’90s.
alberta government finances
Alberta government program spending will reach a projected $13,644 per person in 2020/21.
In the 1990s, Premier Ralph Klein’s government reduced program spending by 21.6 per cent.
Alberta's net government debt will reach a projected $90.1 billion by 2022/23.
The cost of servicing the province’s debt has increased to more than $2 billion.
Alberta has blown through $75 billion in financial assets since 2007/08.
The province's annual debt-servicing costs will increase to a projected $3 billion by 2022/23.
The COVID crisis combined with the oil-price war will reduce revenue and trigger spending increases.