By The Canadian Press

Provincial Politics

Alberta finance Minister to deliver year-end fiscal update, $5.8B surplus forecasted

Jun 27, 2025 | 10:08 AM

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.

Alberta’s new budget year is now a few months old, but its expected bottom line number is deep in the red.

This budget, introduced by Horner in February, predicts Alberta will register a $5.2-billion deficit at the end of March 2026.

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It also predicts deficits will continue for years after that due to declining oil prices, tax cuts and global events like the trade tariffs imposed by the United States.

This report by The Canadian Press was first published June 27, 2025.