Alberta's latest budget document is a dry read — 170 pages filled to the brim with tables, charts and figures — but buried in all those numbers are some important facts about our province. This one can be a bit confusing, because there are two different figures you're likely to hear — total debt and net debt. But Ceci prefers to talk about a different measure: net debt. The difference between assets and liabilities is the province's net debt, which is forecast to be $30.5 billion this year and $56 billion by 2023/24. As you can see, Alberta's debt situation really started to go downhill in the wake of the latest oil-price crash.

Source: CBC News March 22, 2018 21:11 UTC