The Canadian Press

2015-08-31 | Alberta Fiscal Update

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Alberta's finance minister says the province is on track to record a nearly six billion dollar deficit this year as the oil crunch hits families and businesses. Joe Ceci (SEE-SEE) has released figures for the first three months of the 2015-16 fiscal year which began April 1st. He says the province is dealing with it. (Ceci says revenue for the year is forecast at 44-point-3 billion dollars, driven by higher than expected oil revenue in the first-quarter, more money from personal and business taxes and a lower Canadian dollar. However, the figures may move down in the next update as the benchmark North American price for oil fell sharply in August.)

Date: 2015-08-31
Placeline: EDMONTON.
Source: The Canadian Press
Length: 16 seconds

Transcript Prediction: << now is not the time to make things worse for knee-jerk reactions that would result in firing thousands of albertans our government has focused on building up our economy not putting people out of work or recklessly cutting Public Services albertans need at this time >>


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