Alberta Budget Surplus, Deficit Warning
This is a Alberta news story, published by calgarysun, that relates primarily to Tegan Hill news.
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Resource revenue volatilitycalgarysun
•HILL: Smith government must do more to avoid red ink
75% Informative
Alberta announced a projected $4.6-billion budget surplus for fiscal year 2024-25 .
But the Smith government warned Albertans a budget deficit could be looming, says Tegan Hill .
In the last 10 years , resource revenue has ranged from a low of $3.4 billion in 2015-16 to a high of $26.1 billion in 2022-23 .
Inflation-adjusted resource revenue is projected to be relatively high in historical terms this fiscal year at $19.8 billion .
To avoid this fate, the Alberta government must do more to rein in spending.
VR Score
75
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73
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26
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English
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Source diversity
5
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