2015-16 Third Quarter Report
2015-16 Third Quarter Fiscal Update and Economic Statement (released February 24, 2016)
Historically low oil prices and declining revenue impacting third quarter results
Alberta faces a significant budget shortfall as oil prices continue to collapse – to the lowest levels in more than a decade – causing a substantial hit to government revenue.
"This is a once-in-a-generation economic challenge. As such, we are committed more than ever to prudent fiscal management, creating jobs and diversifying the economy. This includes protecting services Albertans need, putting people back to work with an expanded infrastructure program, and promoting home-grown business and entrepreneurship."
– Joe Ceci, President of Treasury Board, Minister of Finance
- Read complete news release
- 2015-16 Third Quarter Fiscal Update and Economic Statement (pdf)
- Alberta Heritage Savings Trust Fund 2015-16 Third Quarter Update (pdf)
Economic Situation web page (updated February 24, 2016)
Budget 2015 documents (introduced on October 27, 2015)
Heritage Fund website