Province of Alberta Budget 2022—Stemming the Tide of Rising Debt
The Province of Alberta released its 2022 budget on February 24, 2022. The Province's fiscal and debt outlook continue to improve—a trend that began in Q1 last year—helped by a strong recovery in provincial revenues (notably resource royalties) and demonstrated spending restraint. In December 2021, DBRS Morningstar changed the trend on Alberta's Issuer Rating and Long-Term Debt rating to Stable from Negative, and this budget reaffirms that the erosion in Alberta's credit profile has stopped.
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