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25.11.2020 / 01:47

Outlook improves but budget deficit $21.3 billion, Alberta finance minister says

Alberta budget 2020 mired in red ink, but government to put ‘even finer focus on job creation’ That’s almost $3 billion less than projected at the first update in August, but still exponentially larger than the $6.8-billion deficit announced by Toews when he first presented the budget in February.But Toews says there is hope on the horizon, while cautioning events are still fluid and the path back will be long.Revenue is expected to reach $41.4 billion, almost $3 billion higher than last quarter due to improved forecasts for resource and gaming revenues, investment income and federal transfers.

Jason Kenney Alberta COVID-19 Alberta Government Coronavirus

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