18 hours ago
Alberta Posts Larger-Than-Projected Surplus, Braces for Deficit
Alberta posted a larger-than-projected surplus in its most recent fiscal year, providing the oil-rich province with some cushion against an expected trade war-driven shortfall in the current period.
Revenue exceeded expenses by about C$8.3 billion ($6.1 billion) in the fiscal year that ended in March, about C$8 billion more than originally projected, the provincial government said Friday. The gain was largely attributable to higher-than-expected resource revenue and corporate income taxes.
