The government projects a slim $120 million budget surplus in 2026/27.
alberta government spending
The province's net financial position deteriorated by $94.9 billion over this period.
The government will spend a projected $6,037 more per Albertan over four years than it originally planned.
Federal policies are largely to blame for the massive decline in investment in the extraction sector.
The government will spend a projected $6,037 more per Albertan over four years than it planned in the 2022 mid-year update.
This year, program spending will reach a projected $14,334 per Albertan, which is $1,603 higher than the original plan.
By shifting resources and money, the government is simply shifting jobs into film and away from other sectors.
Compared to the government’s 2022 mid-year plan, it will spend $6.1 billion more in 2023/24.
In 2023/24, debt interest payments will cost a projected $3.4 billion, equal to $691 per Albertan.