Nate Horner has begun his time as Alberta Finance Minister on solid footing by leaning on the results from 2022-23, which he describes as “one of the most positive fiscal years in our province’s history.” It includes moving past years of deficits with a record $11.6-billion surplus, and the province’s highest ever non-renewable resource and corporate income tax revenues.for Alberta on Thursday, both Mr.
. As Rystad Energy said this month, “despite expectations of a looming oil market deficit, prices have remained surprisingly low.”on Thursday, in stark contrast to the near $80 a barrel forecast the government has for the 2023-24 fiscal year – a forecast Mr. Horner acknowledged Thursday might have to come down by the first quarter update at the end of August.
As immigrants and interprovincial migrants move to the province in record numbers, another question is whether Alberta’s status as an affordable housing oasis continues to hold – and if the province is able to provide education and medical services to all.
Mr. Horner insists the measure will be brought in not to restrain some future government, but “to handcuff ourselves.”
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