Alberta on track for $10.8 billion deficit
But the province adds 25,000 jobs in the last three months, manufacturing shipments increase.
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.News from © Canadian Press Enterprises Inc. 2016