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

First Nations Basketball Player Excluded From Games, Native Identity Questioned

VANCOUVER — Tattooed on Josiah Wilson's chest is a fine line of writing that combines two significant dates: his birth and the death of his biological mother four days after he was born.

First Nations Basketball Player Excluded From Games, Native Identity Questioned

Ex-Quebec Doctor Guy Turcotte Who Killed His Kids Wants To Appeal Parole Eligibility Ruling

Guy Turcotte's lawyers filed a motion before the Quebec Court of Appeal on Friday, hoping to challenge the trial judge's ruling he must spend at least 17 years behind bars before being able to apply for parole.

Ex-Quebec Doctor Guy Turcotte Who Killed His Kids Wants To Appeal Parole Eligibility Ruling

70 Percent Delhiites Say Corruption Not Reduced But 50 Percent Would Vote For AAP Again

Seventy percent of the people surveyed by a "citizen engagement platform" associated with the BJP, believe that corruption has not reduced in Delhi under the Arvind Kejriwal government, but nearly 50 percent said they would vote for the AAP again