Alberta’s finance minister says the province’s economy is on the mend, but the 10.8-billion-dollar deficit projected by the government is not going to budge.
Joe Ceci released the third-quarter update for the 2016-17 budget year saying Alberta will make 1.5 billion dollars more than expected.
But he says increased spending on programs and disaster assistance — along with the 1.1-billion-dollar cost of phasing out coal power — means there’s no boost for the bottom line.
The Conference Board of Canada reports that Alberta is expected to have the strongest economic growth in the country this year due mainly to the rebounding oil sector.
