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Alberta faces a $6.4-billion deficit in 2025-26 due to lower oil prices and trade issues, despite record production.
Alberta projects a $6.4-billion fiscal deficit for 2025-26, driven by a 30% drop in natural resource revenue due to lower oil prices—averaging $61.50 per barrel—and ongoing trade challenges affecting exports.
Despite record oil production, weak global demand and tariffs have strained the economy.
Spending is set to reach $79 billion, up $5.3 billion, with $881 million drawn from contingency funds for public sector wages.
Of its $4-billion emergency reserve, $1.7 billion has been spent, and debt is projected to rise to $82.9 billion.
Finance Minister Nate Horner emphasized prioritizing health care and education amid fiscal pressures.
Alberta se enfrenta a un déficit de $ 6.4 mil millones en 2025-26 debido a los menores precios del petróleo y los problemas comerciales, a pesar de la producción récord.