2015-16 Third Quarter Report

2015-16 Third Quarter Fiscal Update and Economic Statement (released February 24, 2016)

Video of the Minister's media availability

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News release and quarterly reports

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

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Related Links

Economic Situation web page (updated February 24, 2016)

Budget 2015 documents (introduced on October 27, 2015)

Previous Quarterly Fiscal Updates

Heritage Fund website

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Page last updated:  April 10, 2016