Alberta Finance Minister to Deliver Update on Last Year’s Budget, $5.8-Billion Surplus Forecasted

Alberta posted $8.3B surplus in 2024-25 fiscal year, Horner says

Finance Minister Nate Horner says just over $5 billion of the surplus is cash the province can spend.

Office of Fiscal Analysis is expecting a surplus. That may change

The Connecticut Office of Fiscal Analysis (OFA) released a report on projected budget surpluses and one thing is clear: there is a lot of volatility in the economy.  “I can’t recall an economic environment that’s as dynamic as this one,” Don Klepper-Smith said. “If you don’t like what you see, you wait a day, and it can change, and it often does… I think this is one of the more challenging environments because of the economic volatility and the …

Alberta ends 2024-25 fiscal year with $8.3 billion surplus thanks to oil, taxes

The surplus represents a significant swing from both Budget 2024's slim surplus and Budget 2025's forecasted deficit of more than $5 billion

Alberta Posts Larger-Than-Projected Surplus, Braces for Deficit

Alberta posted a larger-than-projected surplus in its most recent fiscal year, providing the oil-rich province with some cushion against an expected trade war-driven shortfall in the current period.

Oil-Rich Alberta Forecasts Unexpected Budget Surplus

Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion) for the fiscal year 2024-2025 that ended in March, as Nate Horner, the finance minister of Canada’s oil-producing province, prepares to deliver the year-end fiscal update later on Friday.  The unexpectedly large surplus for 2024-2025 was due to higher resource royalties, RBC said earlier this year.    However, Alberta expects a large deficit of about US$3.8 b…