The government increased projected nominal program spending by $10.1 billion since the fiscal update last fall.
alberta program spending
Resource revenues are set to increase substantially.
The price of Brent Crude oil could reach US$100 per barrel in 2022 due to a surge in demand.
Between 2015/16 and 2017/18, the provincial government plans to increase spending by 11 per cent.
According to the annual report, the province’s operating deficit for the year was $6.4 billion—about $300 million more than projected by the Notley government.
The last thing businesses and consumers need is yet another new tax piled on top.
In 2015/16, Alberta is scheduled to run its seventh deficit in eight years.