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Alberta expects first deficit in 15 years

Posted on 20 February 2009

From Reuters: Canada’s energy-rich province of Alberta is expected to report its first budget deficit in 15 years this fiscal year, racking up more than C$1 billion ($800 million) in red ink as the value of its savings fund sinks.

Provincial Finance Minister Iris Evans said the province will report a balanced operating budget, with revenues equalling expenses for 2008-09…… Full Article: Source


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