Alberta Announces $8.3 Billion Budget Surplus Due to Increased Revenue From Energy Resources, More Tax Income

Date:

Alberta Announces $8.3 Billion Budget Surplus Due to Increased Revenue From Energy Resources, More Tax Income

Alberta Finance Minister Nate Horner speaks to media during a press conference in Edmonton on Aug. 29, 2024. The Canadian Press/Aaron Sousa

Chandra Philip

|Updated:

Alberta has recorded an $8.3 billion surplus, according to Finance Minister Nate Horner’s recent financial update.

It is $8 billion more than the provincial government expected, and was due to oil and gas revenue for 2024/2025, as well as more tax revenue from the province’s growing population, Horner said at a June 27 news conference.

Chandra Philip

Chandra Philip is a news reporter with the Canadian edition of The Epoch Times.

Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

More like this
Related

Day in Photos: New Air Force One, Ebola at Orphanage in Congo, and Beating Retreat

President Donald Trump speaks in front of the new...

Ottawa Should Focus on Economic Resilience as Risks Grow

ViewpointsOpinionRecessions are part of every economic cycle. The greater...

One Killed and Several Injured in Train Collision North of London, Police Say

Emergency service workers gather at the scene of a...

Trump Says He Will Visit Turkey, China This Year

U.S. President Donald Trump pumps his fist after touring...