Kenney’s UCP today, through circumstance and ill fortune, is in some ways the opposite, a tale outlined painfully in the new budget introduced Thursday.
Debt is now running so high that annual payments outstrip some major revenue sources, including, remarkably, royalty revenues from the oilsands.
Debt servicing this year will cost $2.7 billion, higher than the operating budgets of several ministries.
The vast taxpayer-funded debt will hit a total of $115.8 billion this year.
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