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EDMONTON — Premier Jason Kenney says a recent bump in energy prices in the third quarter of the current budget is helping the bottom line as his government prepares to introduce its 2021-22 budget. EDMONTON — Premier Jason Kenney says a recent bump in energy prices in the third quarter of the current budget is helping the bottom line as his government prepares to introduce its 2021-22 budget. The budget deficit was on track to exceed $21 billion this fiscal year, but Kenney said it will now be about $14 billion. Alberta Finance Department officials declined to confirm Kenney’s estimate. It’s been a roller-coaster ride for Alberta’s deficit this fiscal year, which ends March 31. The deficit was predicted to be $6.8 billion when Finance Minister Travis Toews introduced the budget last February. But a global recession, the COVID-19 pandemic and an energy price war sent that forecast soaring to $21 billion in November. “Thankfully with significant recovery in energy prices, our revised projection has come down in our last quarterly report to about $14 billion,” Kenney said Tuesday. “You’ll have to wait and see on Thursday for our final projection for the fiscal year that is about to […]
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