Travis Storrs shakes hands with Alberta Prime Minister Daniel Smith after he takes office as Treasurer and Treasurer in Edmonton, October 24, 2022. (Jason Franson/The Canadian Press)
Alberta We need an update on whether the state is on track to record a $13 billion budget surplus this year.
Treasurer Travis Toews today announces second quarter results for fiscal year 2022-23.
Toews’ budget in February predicted a surplus of just $511 million, but the first quarter update on the strength of oil prices in the $100s/barrel showed that Forecasts soared to $13.2 billion.
The West Texas Intermediate benchmark price has since softened but remains strong at around US$80 per barrel.
Spending should take into account the massive injection of anti-inflation support announced by Prime Minister Daniel Smith this week.
Smith pledged $2.4 billion for a range of aid, primarily aimed at middle- to low-income families, the elderly, and the vulnerable.