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.

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(The Canadian Press)