Last year, Alberta hit a new milestone: the majority of term debt that the province currently holds has been issued under the UCP.
Tag: debt
Since Danielle Smith became premier, the number and value of the term debts has increased every year, when compared to Jason Kenney’s final year.
Alberta took out more term debt 3/4 of the way through the current budget than they did during the entire 2022–2023 budget.
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UCP govt borrowed nearly $1B in 2023
85% of the term debt that Alberta currently owes was incurred under the NDP and UCP.
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UCP government borrowed $2B in 2022
85% of the term debt that Alberta currently owes was incurred under the NDP and UCP.
The UCP have borrowed about $12 billion a year since being in power, which was pretty much on par with the NDP.
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Alberta borrowed over $9 billion in 2021
The UCP have borrowed nearly $15 billion a year since being in power, 37.5% more than the NDP borrowed.
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Alberta officially has $100 billion in debt
The UCP have borrowed nearly $16 billion a year since being in power, 38% more than the NDP borrowed.
While the deficit is projected at 57% lower now than February’s original projection, it’s not because the UCP are deficit-slaying masters.
The UCP have borrowed nearly $17 billion a year since being in power, 36% more than the NDP borrowed.