Program spending is projected to increase from pre-pandemic levels by 15.2 per cent in 2021/22.
The federal debt will reach nearly 70 per cent of GDP by 2050.
Governments can find themselves at a new baseline spending level far in excess of revenues.
Program spending is set to grow again by 1.8 per cent this year.
The $10.3 billion deficit the province plans to run this year is just shy of the provincial record of $10.8 billion set last year.
The federal government plans to spend $8,337 (per person) this fiscal year.
The first two years of the Notley government have been marked by spending and tax increases.