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Alberta final budget numbers show first surplus since global meltdown of 2008
EDMONTON – The final numbers are in for the last fiscal year in Alberta, and they show the province has turned the corner following the global economic meltdown of 2008.
Alberta recorded a $755-million surplus in the 2013-14 fiscal year — the first such surplus in six years.
The province brought in more than $45 billion in revenue.
That’s 17 per cent more than expected, credited mainly to higher than forecast energy and tax revenues.
Total spending was almost $42 billion, and the province now has in $8.7 billion in debt for capital projects.
The rainy day contingency account sits at $4.7 billion, but is forecast to soon increase to $6 billion.
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