Alberta’s Surplus Surprise | Edmonton News

Edmonton News Today | 2 Min News | The Daily News Now! · Aug 28, 2026 · 1m

Alberta’s budget just flipped from a projected $9 billion deficit to a $2 billion surplus—thanks mostly to a booming oil and gas sector. Revenue soared by $11.7 billion, driven by soaring oil prices making “black gold” pay big dividends. But here’s the twist: despite the surplus on paper, Alberta’s still in a cash deficit—because revenue hasn’t fully hit the bank yet. Beyond oil, corporate tax receipts jumped $1 billion due to strong profits and steady population growth (which is slowing), while canola exports are up—but weather could hurt that soon. Inflation forecasts are creeping up too…