Alberta finance minister to deliver year-end fiscal update Friday
Amid financial uncertainty, the province is expected to deliver its new bottom line
Alberta's finance minister is set to deliver the final bottom line number today on last year's provincial budget.
Nate Horner's new figure will close the books on the budget for the fiscal year that ended in March.
That budget was last forecast to come in with a nearly $6-billion surplus.
Horner is expected to deliver his fiscal update Friday during a news conference at 1 p.m. MT.
Into the red
Alberta's new budget year is now a few months old, but its expected bottom line number is deep in the red.
Horner introduced the budget for the 2025-26 fiscal year amid great financial uncertainty, just days before the U.S. tariffs were set to come into effect.
The current budget, introduced by Horner in February, predicts Alberta will register a $5.2-billion deficit at the end of March 2026.
At the time, Horner cautioned that Alberta's deficit could soar much higher, to an estimated $8.7 billion under a worst-case tariff scenario.
It also predicts deficits will continue for years after that due to declining oil prices, tax cuts and global events including the trade levies imposed by the United States.
