The Hottest Facts Concerning Finance
Toews cited the improved they said forecast for the province's deficit as a reason for optimism. In August, when the province delivered its quarterly update, the province had projected Alberta would face a $24.2-billion deficit, but now that projection sits at $21.3 billion. That's due to increased revenues from the last quarter, investments performing better than expected, higher revenue from gaming, and federal government transfers. The revenue forecast for the current budget cycle is $41.4 billion, almost $3 billion higher than last quarter. Revenues from non-renewable resources are for
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