-15.5 C
Fort St. John
Wednesday, November 7, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement

Advertisement

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

Advertisement

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.

Advertisement

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

Advertisement
Advertisement

Advertisement
Advertisement

Advertisement

Advertisement

Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

Advertisement

Advertisement

Must Read

Fort St. John Legion set to honour veterans this Sunday

FORT ST. JOHN, B.C. - This Sunday the Royal Canadian Legion in Fort St. John is inviting everyone to come and gather to remember...