Albertans went from paying $58 per person in provincial debt interest costs in 2008/09 to $596 in 2021/22.
budget deficit
October 31, 2024
12:01PM
September 17, 2024
9:07AM
The province now has the fourth-highest top combined income tax rate in Canada and the United States.
March 18, 2024
4:00AM
These deficits have fuelled an $867.2 billion increase in gross federal debt from 2014/15 to 2022/23.
February 2, 2024
10:30AM
Every dollar that goes towards debt repayment is a dollar unavailable for important services or tax relief.
October 21, 2022
3:40PM
Government borrowing crowds out private investment and lowers the economy’s productive potential.
July 1, 2022
6:00AM
The federal and provincial governments will run combined deficits of $86 billion in 2022.
June 15, 2022
1:32PM
So-called "stimulus spending" displaces future private spending and reduces future economic growth.
June 8, 2022
8:10PM
May 31, 2022
9:56AM
The federal government projects a budget deficit of $52.8 billion for 2022.