Province projects $8.8 billion deficit in 2018-19 budget
EDMONTON, AB – Finance Minister Joe Ceci said the province’s economy is showing signs of improving for the coming year.
Ceci tabled the budget for the 2018-19 fiscal year in the legislature Thursday afternoon, noting the province is projecting an $8.8 billion deficit, down $1.5 billion from last year.
“The recession is behind us, and Alberta’s economy is looking up,” Ceci said in a statement. “Alberta’s economy is creating good, mortgage-paying jobs and Alberta led the country in economic growth last year, and is poised to do so again in 2018.”
The Conference Board of Canada expects the provincial economy will grow by 2.7 per cent this year.