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Alberta’s fiscal policies are unsustainable.

The province has neither a revenue problem nor a spending problem; it has
a budget problem. An aging population will increase government spending
significantly, and tax revenue will fail to keep pace. A persistent dependence on
resource royalties adds to the uncertainty. And even if current plans to balance
early in the next decade succeed, fiscal pressures will mount and deficits balloon.
This paper examines long-term projections for resource royalties, federal
transfer payments, investment income, property taxes, tuition revenue, health
and education spending and debt service costs, and forecasts a deficit of
almost $40 billion by 2040.

https://www.policyschool.ca/wp-conte...ture-Tombe.pdf