Uncontrolled spending driving Alberta government towards net debt position

According to Alberta’s recently released annual report, the province’s operating deficit for the year was $6.4 billion—about $300 million more than projected by the Notley government in its October budget.Factor in capital spending (roads, bridges, etc.), and the province’s overall net financial assets (that’s all the government’s financial assets minus its debts) deteriorated by $9.2 billion last year alone, leaving the province with just $3.9 billion in net financial assets at year end. Since the provincial government is still spending much more than it takes in, it‘s now just a few months away from entering a net debt position for

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