National Newswatch

Alberta’s government debt was unsustainable—before COVID

Nov 12 2020 — Tegan Hill and Ben Eisen — The Kenney government will release a three-year fiscal update later this month, and will be tempted to blame Alberta’s fiscal challenges on COVID-19. While the COVID-induced recession has certainly contributed to the province’s eye-popping budget deficit—projected to be $24.2 billion (2020/21)—and rapid debt accumulation, it represents a relatively small part of Alberta’s fiscal problems. In […]