As Premier, Getty was faced with an economic slowdown and falling energy prices, which hit Alberta's petroleum-dominated economy hard. Faced with mounting government deficits and increasing unemployment, he cut social spending and intervened with government money to prevent businesses from failing. Several of these interventions backfired in high-profile fashion, failing at their intended objective and costing scarce public funds as well. While some analysts argue that Getty's fiscal program laid the groundwork for Ralph Klein's later balancing of the provincial budget, on Getty's departure from office the government's debt had reached $11 billion, setting the stage for his successor to characterize the Getty years as an era of wasteful and excessive spending.