9 h. ago Varcoe: 'Watershed moment for Alberta,' as province shifts from surpluses to string of budget deficits

'We're going to need to have hard conversations, as Albertans, about what we expect government to fund, the services that we want to see,' said Finance Minister Nate Horner

Other

9 h. ago Red ink, tax cuts, debt payments: Highlights of Alberta’s 2025 budget

Alberta’s finances, tied to the rollercoaster ride that is oil prices, are once again plunging: the 2025 budget predicts a $5.2-billion deficit with no immediate relief in sight.

Economics

10 h. ago Canada’s Oil Heartland Sees Trade War Sparking Budget Shortfall

Alberta, Canada’s top oil-producing province, is projecting its first budget deficit after four years of surpluses as the prospect of a trade war with the US weighs on the outlook for economic growth and oil revenue.

Economics

11 h. ago 'Difficult decision': Alberta Budget 2025 delivers $1.2 billion tax cut but also $5.2 billion deficit

“We’re going to have to have hard conversations as Albertans about what we expect government to fund, the services we want to see,” Finance Minister Nate Horner said Thursday

Economics

21 h. ago Varcoe: Finance minister says U.S. tariffs would double deficit, crimp revenues in new Alberta budget, but economy will still grow

'I think from a budgeting perspective, it's prepare for the worst and hope for the best — and have the flexibility to respond'

Politics

47 h. ago Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit

HONG KONG (AP) — Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan said during a budget speech that there would be a “cumulative reduction” of government recurrent expenditure by 7% from now until […]

Other

68 h. ago Lorne Gunter: Burning questions as Alberta legislature set to resume

How large will the deficit be in Budget 2025, which will be brought down this Thursday by Finance Minister Nate Horner? When will we see an independent, third-party inquiry into the AHS contract allegations? And where is NDP Leader Naheed Nenshi?

Events

3 d. ago Alberta spring session preview: Compassionate intervention act and budget deficit

Government house leader Joseph Schow will be holding a media conference at 2 p.m. Monday afternoon to discuss the province's priorities for the spring session

Other

8 d. ago HILL: Smith government should revert to original spending plan in next week’s budget

As the Smith government prepares to table its budget next week, it continues to warn Albertans the province is “facing headwinds from every direction” and a budget deficit may be on the way after four years of surpluses. While there’s a lot the government can’t control — such as tariffs or the price of oil […]

Politics