For example,
Alberta releases surplus $ 8.3:
This is the fourth consecutive year that the government has registered a surplus.
According to the Minister of Finance. Meanwhile, Nate Horner, this surplus will help the province during the financial year 2025-2026, since the government provides for a deficit of more than $ 5 billion.
Nate Horner, Minister of Finance of Alberta.
Photo : Radio-Canada / Mark Matulis
This surplus allows us to save intelligently. However, to spend judiciously and to remain solid in the long term.
Dept you widget widget. Furthermore, PASSER L WIDGET?
End of the widget widget. In addition, Return to the start of the widget?
The province raised $ 82.5 billion in the last financial year, 8.9 billion more than forecasts in its 2024 budget.
In addition, the government had estimated that it would obtain $ 17.3 billion in non -renewable resources, but it turned out that the province received $ 4.7 billion more than expected, for a total of $ 22 billion.
Over the year, the West Texas Intermediate (WTI) oil price was on average US $ 74.34 per barrel. This price was slightly more important than that which the government expected. The commissioning of the Trans Mountain pipeline (new window) also increased the profits of oil and royalties.
Alberta produced nearly 4 million barrels of oil per day during the financial year. (Archives photo).
Photo : Associated Press / Odessa American / Jacob Ford
More than 26 % of income came from non -renewable resources, and 19 % came from income tax.
In its report, the province says that funds from income tax are fueled by a strong demographic increase (new window)and personal income growth. The Alberta population believed 4.4 % in 2024.
An increase in expenses – Alberta releases surplus $ 8.3
Expenditure has increased by $ 1 billion more than alberta releases surplus $ 8.3 expected, $ 74.1 billion in total. According to the government, population growth puts pressure on access to public services.
This is how the health field saw its expenses reach $ 29.6 billion, an increase of 2.9 % compared to what the province had estimated in 2024. Education expenses increased by 1.1 %, compared to forecasts, for a total of $ 17.2 billion.
A Tobacco Regulation
In addition, Alberta will receive $ 3.1 billion as a compensation for the cost of tobacco health care following a prosecution before the Ontario Superior Court. of Justice against three major Canadian tobacco manufacturers.
A surplus encouraging
The spokesperson for the new Democratic Finance Party. Court Ellingson, says that this surplus is encouraging and gives the government an opportunity to meet the needs of the Albertans.
However, he believes that the government has no concrete plan to help the province.
alberta releases surplus $ 8.3
What scares me the most is that we have a government that simply has no plan.
We have a government that drags in health care and lying around in relation to population growth and inflation. We have not heard the government talk about how it will make strategic investments in these areas.
The Minister of Finance. Nate Horner, said that a little more than $ 5 billion in the surplus are liquidity that the province can spend. This money will be invested in the Heritage Fund and will help pay the debts of the province.
Further reading: Tornado alert in the stage sector and risk of thunderstorm in Quebec – Le Journal Saint-François | An aggressive and poisoned man holds the security services in suspense – A travel experience to discover Gaspésie otherwise – BMW recalls more than 7,000 electric vehicles in Canada – Drowning in the Saint-Charles river, in Montérégie: “It was a matter of time before it happens”.
