Alberta projects C$5.2-billion budget deficit

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 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.
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 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.
Alberta Budgets for Deficit This Year
Alberta's 2025 budget is projected to have a C$5.2 billion deficit due to lower oil prices, potential US tariffs, and tax cuts.
Alberta economy back in the red with $5.2-billion deficit budget
Alberta’s finances, tied for generations to the steep peaks and sharp valleys of oil and gas prices, are once again plunging deep into deficit, with no immediate relief in sight. Finance Minister Nate Horner introduced a budget Thursday that projects a $5.
Income taxes down, property taxes up — especially in Calgary: How Alberta Budget 2025 affects you
Province's new budget means nearly all Albertans will pay less in income taxes, while home and business owners — especially ...
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Reactions pour in following Alberta budget announcement
Alberta's Finance Minister Nate Horner announced the 2025 provincial budget Thursday, and it's being met with mixed reactions.
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Hundreds of school support workers rally at legislature as Alberta releases budget
Hundreds of striking school support workers marched through the streets of downtown Edmonton to the Alberta legislature on ...
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 ...
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BREAKING: Budget 2025’s impact on Alberta post-secondary education
The Government of Alberta's Budget 2025 keeps the 2025–26 base operating grant for post-secondary institutions at 2024–25 ...
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Alberta Budget 2025: Province ups contingency to deal with potential impacts of U.S. tariffs on farmers, ranchers
The Alberta government, wary of how U.S. tariffs could affect the province’s crop and cattle producers, doubled a rainy-day ...
Trump tariffs and tax cut have Alberta's finance minister seeing red (ink)
In a rare admission, Finance Minister Nate Horner acknowledged there was some political daylight between him and Premier ...