Alberta Eyes Massive Budget Surplus Thanks To High Oil Prices ...Middle East

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Alberta Eyes Massive Budget Surplus Thanks To High Oil Prices
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Alberta could see a budget surplus of some C$2.4 billion, equal to around $1.8 billion, in its new fiscal year, assuming a price for the local crude oil benchmark of C$78 per barrel. This is what the Finance Ministry of Canada’s biggest oil province said in the presentation of budget 2023. The ministry also forecast a surplus for the next two fiscal years, although slightly lower than the 2023/24 expected surplus. It is, for its part, substantially lower than the surplus Alberta expects to book for fiscal 2022/23 when oil prices surged over…

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