Alberta to deliver update on whether province still on track for $13B surplus

EDMONTON – Albertans are to get an update on whether the province is still on track to record a $13-billion surplus in this year’s budget.

Finance Minister Travis Toews will roll out results of the second quarter of the 2022-23 fiscal year today.

A link to watch the update will be posted in this story.

The budget Toews presented in February predicted a surplus of just $511 million, but that projection soared to $13.2 billion in the first-quarter update on the strength of oil prices in the US$100-a-barrel range.