29-10-2024 20:27 via edmonton.ctvnews.ca

Alberta Premier Smith says lower-than-forecast oil prices could mean budget deficit

Alberta Premier Danielle Smith says a potential budget deficit next year is not off the table. Her government's 2024 budget initially projected a surplus of $367 million when it was tabled in February.Get the latest Edmonton updates right to your inboxSmith says that surplus was dependent on West Texas Intermediate oil prices averaging US$74 per barrel, but the price to start the week has been around US$68 per barrel. She says the lower than projected oil price, coupled with other "different pre
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