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Business & Economics

Opinion: Boom turns to bust in budget, as Alberta remains on resource revenue roller-coaster

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Alberta will flip from a $5.8-billion budget surplus in 2024-2025 to a deficit in 2025-2026 , with more deficits projected over the following two years .

Tegan Hill : It's all part of the roller-coaster Premier Danielle Smith ’s government signed up for by relying on relatively high (but very volatile) resource revenue to finance spending and balance the budget.

Hill: Every $ 1 decline in oil prices leads to a $750-million swing in Alberta 's bottom line.