Canada's Alberta projects deficit of nearly C$9.4bn, citing low oil prices
The once debt-free province says a dramatic rise in population, coupled with low oil prices, is to blame for the sobering financial outlook.
Coverage by Political Leaning
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Notable Quotes
"If Albertans want to give up some of that tax advantage to get off the roller-coaster, that's a conversation we can have."
— Nate Horner , Politician
"This exercise is simply about distraction after distraction after distraction to avoid talking about how bad the Conservatives are with money, how bad they are with the budget, how bad they are with economy."
— Naheed Nenshi , Politician
"If the Smith government truly wants to set Alberta on a new path, it must reduce spending."
— Premier Smith , Politician
"We created these rules, and I'm breaking them. It bothers nobody more than it does me."
— Nate Horner , Politician
"Our balance sheet is in better condition than that of many Albertan households. So we’re going to weather this for them and keep an eye towards the future."
— Nate Horner , Politician
"If Albertans want to give up some of that advantage to get off the roller-coaster, that’s a conversation we can have."
— Nate Horner , Politician
"We created these rules, and I’m breaking them. So it bothers nobody more than it does me."
— Nate Horner , Politician
Key People
Danielle Smith is the Premier of Alberta, Canada.
Naheed Nenshi is the leader of the New Democratic Party opposition in Alberta.
Nate Horner is the finance minister of Alberta.
Premier Smith leads the Alberta provincial government.
Tags
All Coverage
The once debt-free province says a dramatic rise in population, coupled with low oil prices, is to blame for the sobering financial outlook.
RBC Economics analyzes Alberta's 2026 budget, highlighting a projected $9.4 billion deficit due to declining oil prices and increased spending in health and education.
The Fraser Institute discusses Alberta's 2026 budget, noting a $9.4 billion deficit driven by volatile oil prices and increased spending.
Yahoo News reports on Alberta's projected $9.4 billion deficit for the 2026/27 fiscal year, attributing it to declining oil prices and rapid population growth.
Global News covers Alberta's 2026 budget, highlighting increased spending in health and education amid a projected $9.4 billion deficit.
Scotiabank analyzes Alberta's 2026 budget, noting larger deficits due to lower oil prices and increased core spending.
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