Find us on Facebook Follow us on Twitter
Red Deer Advocate - News
TEXT
  • letter
  • print
  • follow

Alberta plans to borrow $3B less; on track for higher surplus

EDMONTON — The Alberta government says it plans to reduce its borrowing by almost $3 billion and is on track for a higher than expected surplus this fiscal year.

The province’s first-quarter update says borrowing for infrastructure projects is now forecast to be just over $2 billion in 2014-15.

The projected surplus has grown by $300 million since the budget to $1.4 billion.

Finance Minister Doug Horner says revenue is up due to higher energy forecasts and stronger corporate income taxes.

Horner says Alberta’s economy continues to grow as evidenced by a slight increase in real GDP.

He says the province has turned a corner economically and is back on strong financial footing.

 
TEXT

COMMENTS

COMMENTING ETIQUETTE: To encourage open exchange of ideas in the Red Deer Advocate community, we ask that you follow our guidelines and respect standards. Personal attacks, offensive language and unsubstantiated allegations are not allowed. More on etiquette...

 

 

follow us on twitter

Featured partners