5.8 C
Fort St. John
Thursday, October 17, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home Canadian Press Alberta still on track for $10.3B deficit, but signs point to...

Alberta still on track for $10.3B deficit, but signs point to rising economy

EDMONTON — Alberta remains on track to rack up a $10.3-billion deficit this year, but Finance Minister Joe Ceci says there are signs pointing to a continued rebound in the economy.

The second-quarter fiscal update predicts the economy will grow by four per cent in 2017 — up from the 2.6 per cent forecast in last spring’s budget.

Ceci says more than 70,000 full-time jobs have been added in the last 1 1/2 years, most of them in the private sector.

He also says the government is still committed to belt-tightening and has found $300 million towards its goal of saving $400 million this year through in-house savings.

But the government continues to borrow for operating and building, and this year’s debt is forecast to rise above $42 billion.

Ceci and Premier Rachel Notley have promised to get the budget balanced by 2023, but so fare haven’t offered any details on how that would be achieved.

The Canadian Press

get the latest news in your inbox

Author

Local Events

Must Read

Huskies Player of the Week: Sam Smith

FORT ST. JOHN, B.C. – This week’s Huskies Player of the Week is #30 Goalie Sam Smith. Each week, a different player from the Huskies...