Third quarter results show a decline in energy revenue (February 24, 2015)

  • Alberta is expected to avoid a deficit in 2014-15 with significant financial challenges on the horizon.
    In the third quarter update, the total non-renewable resource revenue forecast is down $503 million from budget, mainly due to plummeting oil prices. Bitumen royalties have taken the biggest hit, and are expected to drop $644 million from budget to year end, with other revenue streams showing slight increases. More information.

Government seeks input on Budget 2015 (February 5, 2015)

Government is taking action to reduce expenses and create a long-term sustainable fiscal plan ahead of the release of Budget 2015 (January 20, 2015)

  • Actions include containing costs for the remainder of the current fiscal year. This includes restraining spending on discretionary grants, travel and training as well as hiring. More information.

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