Servicing government debt imposes real costs on Albertans

We mustn’t forget that government debt has an immediate cost. Governments have to make interest payment on their debt every year. It’s not a choice. And doing so consumes government resources, leaving less money for other public priorities such as health care, education or even tax relief.Alberta, thanks to its legacy of low debt, is currently in a better position than other provinces when it comes to the cost of servicing debt—but that’s changing as the province is set to continue racking up debt in the years ahead.Provincial debt servicing costs now total approximately $1 billion this year and constitute

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