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iPolitics By iPolitics. Published on Feb 26, 2021 11:47am Alberta Premier Jason Kenney in Edmonton in May 2019 (Codie McLachlan/Star Edmonton)
The Lead
Alberta’s provincial government released its budget for the upcoming fiscal year, which outlines the province’s planned economic recovery from the COVID-19 pandemic. The budget revealed that the pandemic’s devastating effect on oil prices caused a collapse in Alberta’s revenues, with the province’s debt set to balloon to $115.8 billion. The Calgary Herald has the story.
The provincial government is expecting an $18.2 billion deficit for 2021, followed by an $11 billion deficit in 2022 and an $8 billion deficit in 2023.