Alberta, citing oil prices and U.S. trade woes, says budget deficit rising to $6.5B
Finance Minister Nate Horner says softening oil prices mean this year's projected budget deficit is expected to grow by $1.3 billion, and will now finish at $6.5 billion in the red when the fiscal year ends next spring.
That represents a massive multibillion-dollar swing in Alberta's financial fortunes, as it is coming off an $8.3-billion surplus the year prior.
Horner said oil prices, along with uncertainty created by U.S. trade policy — specifically conflict over tariffs — are hurting the Alberta economy and remain a significant risk.
https://www.thecanadianpressnews.ca/politics/alberta-citing-oil-prices-and-u-s-trade-woes-says-budget-deficit-rising-to-6/article_f3d83954-9560-563c-9a0f-8690f1e1a300.htmlOpen linkView original on lemmy.ca
6 replies
Diversify yo bonds
Stop depending on oil and gas. Stupid Useless Clown Party.
Just in time for AUPE and ATA strikes
Alberta: oil, gas, trucks, and the same house, over, and over, and over, and over
Small-minded people are almost in the majority here.
I predict this separation bullshit will split the vote again and the NDP will come to power with Nenshi.
Just gotta keep Marlena on task.
boom, bust, boom, bust, rinse, wash, repeat. And every time they bust they act shocked.