Alberta

Percent of Tax Dollars Spent on Interest:

2.2%

Annual Interest Bill:

$775 Million

Percent of Tax Dollars Spent on Interest:

2.2%

Projected Increase in Debt (2016/17):

$14.2 Billion

Previous Year's Increase in Debt (2015-16):

$9.2 Billion

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.