Alberta projects deficit drop of $1B in first-quarter budget update
EDMONTON — Alberta’s finance minister says the province is on track to reduce its deficit by $1 billion this year.
Joe Ceci says more oil revenue and higher than expected returns on income tax are the reason this year’s projected deficit has dropped to $7.8 billion.
The numbers are part of the government’s first-quarter budget update.
They show overall spending remains stable at $56 billion, although an extra $2 million has been added to go toward a plebiscite on Calgary’s 2026 Olympic bid.