Banner image - 2013-14 Second Quarter Fiscal Update and Economic Statement

Alberta keeps finances on track as province rebuilds

2013-14 Second Quarter Fiscal Update and Economic Statement (released November 26, 2013)

Video of the Minister's media availability:

News release and quarterly reports:

The Redford government is successfully living within its means as a result of efforts to hold the line on spending.

"Our government has been making the right decisions to keep our finances on track, so Alberta can continue to drive nationwide economic growth. By holding the line on public sector wages and living within our means, we’re ensuring we have the resources available to rebuild from the flood and keep investing in our families and communities."
-- Doug Horner, President of Treasury Board and Minister of Finance

Second quarter results show that the province saw an operational surplus of more than $1 billion in the first six months of the fiscal year. However, spending on flood response and recovery has only begun to impact the province’s bottom line. By September 30, $351 million had been spent on flood assistance efforts.

"We are only now starting to see the costs of the flooding show up on our bottom line. In addition, the bitumen bubble is back from its holiday, highlighting the need to remain focused on building new markets and fiscal prudence as part of our Building Alberta Plan."
-- Doug Horner, President of Treasury Board and Minister of Finance

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Presentation

View the presentation by Doug Horner, President of Treasury Board and Minister of Finance below.  You may also view it in these formats (will open in a new window):

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Audio of the Minister's media availability

Click here to listen to audio of the event. You may also use the audio player, which is embedded below. If the player is not displayed or doesn't work properly, you may wish to upgrade your browser to the latest version.

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Photos of the Minister's media availability

Click on the photos to download high resolution photos.

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Related Links

Budget 2013 website

Previous Quarterly Fiscal Updates

Heritage Fund website

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Page last updated:  February 26, 2014