For the first time since 1993, the Alberta government is set to report a $1-billion deficit—more than double that of B.C. Alberta’s finance minister Iris Evans blames the implosion of commodities prices, and declines in the value of the $16-billion Alberta Heritage Savings Trust Fund, which, like all other large investment funds has taken a beating since the market crash this fall.
Billion Dollar Baby?
Alberta deficit set to double B.C.
FILED UNDER: Canada