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

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