New study suggests Alberta’s debt will hit $36-billion by 2020
Posted Mar 31, 2016 7:11 am.
This article is more than 5 years old.
Just how much debt will the Alberta Government rack up in the next five years?
A new report from the Fraser Institute says it could be much higher than the NDP is forecasting.
The government’s forecast predicts a debt load of about $20 billion by 2019-2020 but the Institute’s Steve Lafleur says those numbers leave out significant risks that could quickly raise the totals.
“We put ourselves in a bad position by not being able to control spending. If we can’t finally get spending under control, we are going to be in a significantly worse situation than we need to be,” he said.
Lafleur predicts the debt load could hit $36-billion by 2020 or about $8,000 per person.
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