Alberta Releasing Updated Budget Numbers With Oil Cash Well Below Projections

The Canadian Press, 24 Feb, 2016 11:09 AM

EDMONTON — Albertans may be in for a bit of more bad news today when the provincial government releases its third-quarter budget update.

The province is on track to rack up a $6.1-billion deficit this year due to the collapse in oil prices.

However, in recent weeks Finance Minister Joe Ceci has declined to confirm the province will still be able to meet that deficit figure.

The budget is based on benchmark oil averaging US$50 a barrel this fiscal year.

But oil has been well below that figure for months and currently sits just over US$30 a barrel.

Next year's budget is coming in the spring legislature session, but Ceci has not announced a date.

Prev Next

MORE National ARTICLES

High Lead Levels In Water At 4 Prince Rupert Schools Prompt Advisory To Parents

PRINCE RUPERT, B.C. — Elevated levels of lead have been found in tap water at four schools in Prince Rupert, B.C.

High Lead Levels In Water At 4 Prince Rupert Schools Prompt Advisory To Parents

Alberta Distributes Kits To Stop Overdoses In Fight Against Illicit Fentanyl

EDMONTON — The Alberta government is expanding its program to try to save those overdosing on illicit fentanyl.

Alberta Distributes Kits To Stop Overdoses In Fight Against Illicit Fentanyl

Brossard, Que., Council Votes In Favour Of Single-Use Plastic Bag Ban

Brossard, Que., passed a bylaw as expected on Tuesday to ban the use of single-use plastic shopping bags in the Montreal suburb as of Sept. 1.

Brossard, Que., Council Votes In Favour Of Single-Use Plastic Bag Ban

Goats On The Lam? Feds Cough Up $255,487 For Goat Tagging, Traceability Program

The government is providing more than $250,000 to help the industry prepare for national identification requirements for the country's approximately 225,000 goats.

Goats On The Lam? Feds Cough Up $255,487 For Goat Tagging, Traceability Program

Dirt Biker Tells Tim Bosma's Murder Trial He Found Incinerator On Accused's Farm

The trial of Tim Bosma's accused killers is hearing today from a witness who said he saw an incinerator on a farm owned by one of the accused four days after the Hamilton man disappeared.

Dirt Biker Tells Tim Bosma's Murder Trial He Found Incinerator On Accused's Farm

Zika Not Only Bug Of Concern To Travellers - Mosquitoes Also Carry Other Viruses

Dengue, chikungunya and yellow fever can also be harboured by the Zika-carrying Aedes mosquitoes that are endemic in Central and South America, many Caribbean countries, Mexico and parts of the southern U.S.