Alberta government maintains forecasted $12.3 billion surplus
EDMONTON – The provincial government says Alberta remains in a strong financial position.
Premier Danielle Smith and Finance Minister Travis Toews presented the second quarter fiscal update on Thursday.
A media release from the Government of Alberta states that continued high revenues from bitumen royalties, corporate income tax, and other revenue streams have allowed it to maintain its forecasted budget surplus of $12.3 billion for this fiscal year.
Revenues are forecast at $76.9 billion and expenses at $64.6 billion.