Alberta entered 2015/16 with no net debt at all. However, due to the size of current budget deficits and the resulting rate of debt accumulation, Alberta’s debt levels are rapidly converging with Ontario’s. In 2014/15, Ontario’s net debt per person was $24,256 larger than Alberta’s. In 2018/19, that gap is expected to have shrunk to $14,597 (both in 2015 dollars). In other words, about 40 percent of the per-capita debt gap between Alberta and highly indebted Ontario will have been wiped out in just five years.
You know what? Alberta could pass Ontario in public debt and the average voter here would not hear about it because it has nothing to do with sports or showbiz.
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