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Alberta now on track for $10.8 billion deficit, but 25,000 jobs added

EDMONTON – Alberta’s fiscal outlook for this year is a tiny bit better, but still billions of dollars in the red.

Finance Minister Joe Ceci says the estimated deficit for this year has been revised to $10.8 billion, slightly lower than the $10.9 billion forecast three months ago.

The government says various factors were involved in the $78 million change.

Ceci made the announcement in the second-quarter update for the 2016-17 budget.

He says there are signs that Alberta’s economy is turning around.

The finance minister says the province added 25,000 jobs in the last three months and manufacturing shipments have increased.