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Alberta faces a $6.4-billion deficit in 2025-26 due to lower oil prices and weak exports, despite record production.
Alberta projects a $6.4-billion deficit for 2025-26, driven by a 30% drop in natural resource revenue due to lower oil prices averaging $61.50 per barrel, down from $68.
Despite record oil production, weak global demand and trade tensions with China and the U.S. have hurt exports.
Spending rises to $79 billion, with $881 million used from contingency funds for public sector wages and $1.7 billion of a $4-billion emergency reserve spent.
Provincial debt is projected at $82.9 billion.
Finance Minister Nate Horner stresses ongoing investment in health care and education amid fiscal pressures.
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Alberta se enfrenta a un déficit de $ 6.4 mil millones en 2025-26 debido a los bajos precios del petróleo y las débiles exportaciones, a pesar de la producción récord.