Alberta projects C$5.2-billion budget deficit

Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed
Canada's oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth.
Alberta's $5.2B budget deficit could jump to $8.7B under worst-case tariff scenario
Alberta is forecasting it will end the next fiscal year with a $5.2 billion deficit but that could soar to $8.7 billion under a worst-case tariff scenario outlined in Thursday’s provincial budget.
Alberta economy back in the red with $5.2B deficit budget
The red ink is mainly driven by an expected drop in oil prices, looming U.S. tariffs and a promised tax break for Albertans: minister
Alberta tables budget projecting $5.2-billion deficit as it tries to estimate toll of possible U.S. tariffs
Alberta is bracing for a trade war with the United States that, when coupled with sagging energy prices, will usher in years of deficits, according to the provincial budget tabled Thursday, adding to the growing list of provinces preparing for economic turmoil that would accompany tariffs on Canadian goods.
From boom to bust: Alberta back deep in the red with $5.2B deficit budget
It’s the first deficit under United Conservative Party Premier Danielle Smith and the first since the COVID-19-era budget of 2020.
Alberta Budget predicts Trump will soften on tariffs
Budget is planning for the impacts of U.S. tariffs to be far-reaching and to slow overall economic growth. But the economic outlook incorporated in the budget assumes tariffs
Critics say Alberta government’s budget falls short on health-care, education spending
Alberta's 2025-26 budget, tabled Thursday by Finance Minister Nate Horner, pledges just under $10 billion for K-12 education operating costs.
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