Alberta’s fiscal fortunes have taken a dramatic turn.
The province’s first-quarter fiscal update projects a surplus of more than $2 billion, a stunning reversal from the $9.4 billion deficit forecast in Budget 2026.
Surging oil revenues are driving the turnaround.
Juno News@junonewscom
The Alberta government says the $100 energy rebate is mandated by law when oil averages above US$90 per barrel and cannot be used to reduce the province's $9.4 billion deficit.
Officials say it's too early to assess the fiscal outlook amid volatile oil prices.
2:29 PM · Jun 18, 2026 · 8.75K Views
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Natural resource revenue is up $9.7 billion, helping push total revenue $11.7 billion above budget.
“This is good news for Alberta and for Alberta’s future,” Finance Minister Jason Nixon said Thursday.
“It means we’re on the path to the province’s sixth consecutive surplus year.”
