Alberta predicts a $4.6 billion surplus this year but warns of future economic challenges.

Alberta forecasts a $4.6 billion surplus this fiscal year, primarily due to higher income tax revenue and oil royalties. However, Finance Minister Nate Horner warns of a challenging future with risks from global economic conditions. The surplus includes only $2.9 billion in cash, with plans to reduce debt and bolster the Heritage Savings Trust Fund. The government expects lower oil prices, reduced population growth, and a rise in unemployment next year.

November 21, 2024
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