Latest / Calgary News Today | 2 Min News | The Daily News Now!
Alberta’s Surplus Masked by Cash Crunch | Calgary News
Alberta’s fiscal outlook just got a major upgrade—with a projected $2 billion surplus in Q1, fueled by soaring natural resource revenues and stronger income tax receipts. But here’s the twist: it’s still technically a cash deficit, thanks to upfront capital spending, deferred accounting tricks, and Heritage Trust Fund adjustments that don’t actually bring in real cash. To truly balance the books, they’d need another $4.3 billion. Population growth is slowing but still on track, housing starts are down, exports are gaining momentum (especially canola to China), manufacturing’s rebounding, and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.