Oil Revenues Send Alberta’s Budget Surplus Soaring ...Middle East

OILPRICE - Economy
Oil Revenues Send Alberta’s Budget Surplus Soaring
source : OILPRICE ( Middle East ) () 47
Revenues from the oil industry have pushed Alberta’s projected budget surplus for this year to twice as high as initially expected, at $4.1 billion, or C$5.5 billion. In addition to revenue from oil royalties, the budget surplus for fiscal 2023/24 was pushed up by higher personal and corporate taxes. “Alberta's economy is resilient, and our finances are on track,” Finance Minister Nate Horner told media, as quoted by the Canadian Press. “Our energy sector continues to be a driver of jobs and activity, and at the same…

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