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flag Alberta faces a $6.4-billion deficit in 2025-26 due to lower oil prices and weak exports, despite record production.

flag 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. flag Despite record oil production, weak global demand and trade tensions with China and the U.S. have hurt exports. flag 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. flag Provincial debt is projected at $82.9 billion. flag Finance Minister Nate Horner stresses ongoing investment in health care and education amid fiscal pressures.

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