Annual Interest Bill:
Percent of Tax Dollars Spent on Interest:
Projected Increase in Debt (2016/17):
Previous Year's Increase in Debt (2015-16):
Useful Facts and Analysis (Alberta):
- Within three years interest charges on the debt are projected to increase by 158% to $2 billion.
- The Alberta government scrapped an election promise to balance its budget by 2019. It currently has no plan to do so.
- The debt increases by $38,956,878.85 a day, $27,053.39 a minute and $450.89 a second.
- The Alberta 2016-17 budget can be viewed HERE.