Alberta projects C$5.2-billion budget deficit

Alberta's $5.2B budget deficit could jump to $8.7B under worst-case tariff scenario
Alberta is forecasting it will end the next fiscal year with a $5.2 billion deficit but that could soar to $8.7 billion under a worst-case tariff scenario outlined in Thursday’s provincial budget.
'Difficult decision': Alberta Budget 2025 delivers $1.2 billion tax cut but also $5.2 billion deficit
Alberta’s books are set to turn red, according to Thursday’s budget, as the province readies to reckon with three straight years of projected fiscal shortfalls brought on by tariff-based uncertainty,
Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed
Canada's oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth.
Alberta tables budget projecting $5.2-billion deficit as it tries to estimate toll of possible U.S. tariffs
Alberta is bracing for a trade war with the United States that, when coupled with sagging energy prices, will usher in years of deficits, according to the provincial budget tabled Thursday, adding to the growing list of provinces preparing for economic turmoil that would accompany tariffs on Canadian goods.
Alberta Premier Danielle Smith touts budget’s income tax cut despite $5.2-billion deficit
The province is projecting a $5.2-billion deficit, but is offering income tax cuts that will pull more than $1-billion from provincial coffers
Alberta Budgets for Deficit This Year
Alberta's 2025 budget is projected to have a C$5.2 billion deficit due to lower oil prices, potential US tariffs, and tax cuts.
Income taxes down, property taxes up — especially in Calgary: How Alberta Budget 2025 affects you
Alberta's new budget means nearly all working residents will pay less in income taxes, while home and business owners — especially those in Calgary — will pay more in provincial property taxes.The province also expects to take in more money from several other new taxes and fees.
Red ink, tax cuts, debt payments: Highlights of Alberta's budget
The Alberta government tabled its budget on Thursday. Here are some of the highlights: -- $5.2-billion deficit with deficits in following two years -- Taxpayer-supported debt to reach $93 billion -- Debt-servicing costs at $3 billion -- Overall spending up to more than $79 billion with more money for contingencies,
What's in it for Calgary? Alberta government drops new budget
New funding for some major projects in Calgary was announced on Thursday as Alberta’s UCP government released its 2025 budget ...
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Alberta's 2025 budget: What it means for Airdrie's healthcare plans – and what's missing
Alberta's 2025 provincial budget does not allocate new capital funding for the construction of healthcare infrastructure in ...
Edmonton Journal on MSN3d
Alberta Budget 2025: Education funding to see a 4.5% increase, hike in education property tax
Alberta plans to hike the education property tax in Budget 2025 with the increase covering more than one-third of the ...
The Canadian Press on MSN2d
Critics say Alberta government’s budget falls short on health-care, education spending
Alberta's 2025-26 budget, tabled Thursday by Finance Minister Nate Horner, pledges just under $10 billion for K-12 education operating costs.
Lethbridge business leaders, politicians react to 2025 Alberta budget
From health care to education, Lethbridge's mayor and business leaders are looking into the effects the 2025 provincial budget will have on the city.
'Uncertainty is almost as bad as the tariffs themselves': Tariff threat alone hurts Alberta
Donald Trump’s tariff threats have been top of mind for Canadians since he took control of the White House. But whether or ...
Calgary Herald on MSN2d
Alberta Budget 2025: Province ups contingency to deal with potential impacts of U.S. tariffs on farmers, ranchers
The Alberta government, wary of how U.S. tariffs could affect the province’s crop and cattle producers, doubled a rainy-day ...
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Provincial budget a "vote of confidence" in Red Deer: mayor
Red Deer Mayor Ken Johnston sees the provincial government's close to $600 million commitment to the city and region as a ...