By The Canadian Press

Fiscal Update

Oil prices, tax income keep Alberta first-quarter revenue in line with last year

Aug 27, 2019 | 11:32 AM

EDMONTON – A first-quarter fiscal update from the Alberta government is reporting consistent revenues compared with the same period last year.

The province says it brought in $13.4 billion from April to June almost identical to the number in 2018.

It says resource revenue was $164 million higher, mainly from a narrower oil price differential.

Income tax revenue was also up due to growth in household income and corporate profits.

But it says operating expenses grew $270 million and debt servicing costs increased $93 million.

IN OUR COMMUNITY

Medicine Hat girls choir to perform never before heard piece in spring concert

May 16, 2024

EDUCATION

Medicine Hat Public School Division launches anonymous reporting pilot program

May 14, 2024

IN THE COMMUNITY

Medicine Hat YMCA requests support camp for kids with trauma

May 14, 2024

Premier Jason Kenney has said he won’t release his United Conservative government’s first budget until the fall to give an appointed panel time to examine Alberta’s finances.

(The Canadian Press)