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Alberta Budget Forecast Shifts to Surplus Amid Oil Price Surge
Alberta’s provincial finance department has revised its fiscal outlook from a projected $9.4 billion deficit to a $2 billion surplus, attributing the improvement to elevated crude oil prices. The price increase stems largely from geopolitical tensions affecting global energy markets.
27 Aug, 17:06 — 27 Aug, 17:13
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Spectrum spread— 1/5 buckets covered0/33
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cbcHigh1d ago
Alberta expects $2B surplus instead of $9.4B deficit, due to Iran war bump to oil prices
The same factor that's sent fuel prices soaring has created a massive turnaround for provincial government's budget.
By Jason Markusoff
Read full article →globe-and-mailHigh1d ago
Alberta projects $2-billion surplus after oil-price surge
Province said it no longer predicts a $9.4-billion deficit this fiscal year
By Carrie Tait
Read full article →Coverage Timeline
First report: globe-and-mail · 27 Aug, 17:06|Full coverage: 2 · 7m|Window: 7m
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