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Canada's Alberta forecasts record budget deficit

Published 2015-08-31, 03:55 p/m
Canada's Alberta forecasts record budget deficit
CL
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CALGARY, Alberta, Aug 31 (Reuters) - The Canadian
crude-producing province of Alberta is forecasting a record
budget deficit of C$5.9 billion this year, which could increase
to C$6.5 billion, finance minister Joe Ceci said on Monday in an
updated first quarter forecast.
Alberta is home to Canada's oil sands and is the largest
source of U.S. crude imports, and has struggled with a sharp
drop in revenues as global oil prices tumbled over the last 12
months.

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