Alberta Fiscal Update

• Alberta set for $5.5B budget surplus, despite big fire, flood and drought expenses

  Alberta's budget surplus is growing but will be offset by more than $1 billion this year to pay for floods, forest fires and drought.

  Economy

  Nov 30, 2023
  
• Alberta on track for $2.4B surplus despite wildfires, lower oil prices

  Oil royalties shrunk due to lower-than-forecast prices, with the impact softened by a smaller discount oilsands producers receive for their product compared to conventional oil.

  Politics

  Aug 31, 2023
  
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• Alberta to use $13.2B budget surplus to pay down debt, put cash in piggy bank

  Jason Nixon says the plan is to make a $13.4-billion repayment on the provincial debt and add almost $3 billion to the Heritage Savings Trust Fund.

  Politics

  Aug 31, 2022
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• Kenney announces $13.2B surplus ahead of Alberta fiscal update

  Alberta Premier Jason Kenney says based on first-quarter projections for the current fiscal year that the province is on track for a $13.2-billion budget surplus.

  Economy

  Aug 30, 2022
• Alberta predicts smaller $5.8B deficit because of rising energy prices: Q2 budget update

  Finance Minister Travis Toews says the deficit is now expected to be $5.8 billion when the government closes the books on the 2021 fiscal year next March 31.

  Money

  Nov 30, 2021
• Higher energy prices expected to deliver boost in Alberta budget update

  Economist Trevor Tombe says rising oil and natural gas prices could deliver a $2-billion boost to the budget.

  Politics

  Nov 29, 2021
• Alberta halves projected budget deficit to $7.8B; credits global boost in oil demand

  New numbers show Alberta's bottom line is on track to look better this fiscal year, but the province remains mired in a deep ditch of red ink.

  Money

  Aug 31, 2021
• Outlook improves but budget deficit $21.3 billion, Alberta finance minister says

  Travis Toews made the comments as he announced the revised budget deficit this year will be $21.3 billion.

  Money

  Nov 24, 2020
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• COVID-19 pandemic, low energy prices leave Alberta with $24.2B deficit

  The red ink Finance Minister Travis Toews is predicting for 2020-21 is more than triple what the United Conservative government projected in its February budget.

  Economy

  Aug 27, 2020
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• Thursday’s fiscal update will unveil ‘biggest deficit in the history of Alberta’: Kenney

  The province is set to release Alberta's first-quarter fiscal update later this week, which Premier Jason Kenney said will likely show the largest deterioration of Alberta's finances since at least the 1930s.

  Politics

  Aug 25, 2020