Alberta projects C$5.2-billion budget deficit

Alberta Premier Danielle Smith touts budget's income tax cut despite $5.2B deficit
Premier Danielle Smith defended on Friday the massive income-tax break in Alberta’s proposed 2025 budget, as critics accused her of giving with one hand while taking with the other. "We felt that we needed to make sure that Albertans had more money in their pockets to support their families,
Alberta's $5.2B budget deficit could jump to $8.7B under worst-case tariff scenario
Alberta is forecasting it will end the next fiscal year with a $5.2 billion deficit but that could soar to $8.7 billion under a worst-case tariff scenario outlined in Thursday’s provincial budget.
Alberta projects C$5.2-billion budget deficit if Trump tariffs proceed
Canada's oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth.
From boom to bust: Alberta back deep in the red with $5.2B deficit budget
It’s the first deficit under United Conservative Party Premier Danielle Smith and the first since the COVID-19-era budget of 2020.
Income taxes down, property taxes up — especially in Calgary: How Alberta Budget 2025 affects you
Alberta's new budget means nearly all working residents will pay less in income taxes, while home and business owners — especially those in Calgary — will pay more in provincial property taxes.The province also expects to take in more money from several other new taxes and fees.
'Difficult decision': Alberta Budget 2025 delivers $1.2 billion tax cut but also $5.2 billion deficit
Alberta’s books are set to turn red, according to Thursday’s budget, as the province readies to reckon with three-straight years of projected fiscal shortfalls brought on by tariff-based uncertainty,
Alberta economy back in the red with $5.2B deficit budget
The red ink is mainly driven by an expected drop in oil prices, looming U.S. tariffs and a promised tax break for Albertans: minister
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Alberta's 2025 budget: What it means for Airdrie's healthcare plans – and what's missing
Alberta's 2025 provincial budget does not allocate new capital funding for the construction of healthcare infrastructure in ...
Calgary Herald on MSN13h
Alberta Budget 2025: Province ups contingency to deal with potential impacts of U.S. tariffs on farmers, ranchers
The Alberta government, wary of how U.S. tariffs could affect the province’s crop and cattle producers, doubled a rainy-day ...
The Canadian Press on MSN15h
Critics say Alberta government’s budget falls short on health-care, education spending
Alberta's 2025-26 budget, tabled Thursday by Finance Minister Nate Horner, pledges just under $10 billion for K-12 education operating costs.
Alberta Insider: Province swings from sizeable surplus to significant deficit in budget reveal
Like the rest of the country, Alberta is bracing for a what could be a painful trade war with the United States ...
Edmonton Journal on MSN1d
Alberta Budget 2025: Education funding to see a 4.5% increase, hike in education property tax
Alberta plans to hike the education property tax in Budget 2025 with the increase covering more than one-third of the ...
City News1d
Reactions pour in following Alberta budget announcement
Alberta's Finance Minister Nate Horner announced the 2025 provincial budget Thursday, and it's being met with mixed reactions ...
Red Deer Advocate6h
Provincial budget a "vote of confidence" in Red Deer: mayor
Red Deer Mayor Ken Johnston sees the provincial government's close to $600 million commitment to the city and region as a ...
Edmonton Journal on MSN6h
Alberta agriculture groups see some light in provincial budget
Just a day after its release, the Alberta Federation of Agriculture (AFA) says its initial read of the Alberta government’s ...