May 13, 2014
The Cost of Debt
Thanks to the ongoing fiscal mismanagement and incompetence from the Alberta government, Alberta will be nearly $22 billion in debt by 2016. According to government documents, Alberta taxpayers will be on the hook for $820 MILLION in interest payments alone.
Wonder what $820 million means to the provincial budget? Here are some examples of programs and projects that won't get funded by 2016, once the interest on Alberta's debt kicks in (all figures according to Budget 2014-15)