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Alberta government tables budget projecting $5.2-billion deficit as it tries to estimate toll of possible U.S. tariffs

Alberta's budget for this fiscal year predicts a $5.2-billion deficit with total spending of $79 billion, as introduced by Finance Minister Nate Horner.
This deficit marks an $11-billion shift from the current budget, which is expected to show a surplus of nearly $6 billion.
The deficit is largely driven by falling oil prices, U.S. tariffs, and a promised $1-billion tax cut.
It is the first deficit under Premier Danielle Smith, and Alberta expects deficits to continue until 2027.

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Global News

Lean Left

Premier Smith touts budget’s income tax cuts for Albertans despite $5.2 billion deficit

The tax break was first promised in the 2023 election, and could save individuals up to $750 per year.

1 month ago·Toronto, Canada

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grandforksgazette.ca

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Lean Left

B.C. economists disagree about help for workers as 2025 budget looms

B.C. Finance Minister Brenda Bailey will present her first budget March 4, the same day on which the United States plans to impose major tariffs on Canada.

1 month ago

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The Epoch Times

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Alberta 2025 Budget Projects $5.2 Billion Deficit, Delivers $1.2 Billion Tax Cut

Alberta’s 2025 budget tabled on Feb. 27 projects a $5.2 billion deficit, while doubling the province’s contingency fund amid tariff threats and accounting for $1.2 billion in personal income tax cuts. Alberta Finance Minister Nate Horner called the province’s 2025-2026 budget one of “tough but measured choices.” He said the budget addresses the needs of Alberta’s growing population while preparing for the potential economic impact of U.S. tariff…

1 month ago·New York, United States

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