{"id":89535,"date":"2024-01-31T04:56:13","date_gmt":"2024-01-31T09:56:13","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=89535"},"modified":"2024-01-31T04:56:16","modified_gmt":"2024-01-31T09:56:16","slug":"canadas-oil-province-alberta-forecasts-increased-c5-5-billion-budget-surplus","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=89535","title":{"rendered":"Canada’s oil province Alberta forecasts increased C$5.5 billion budget surplus"},"content":{"rendered":"
\n

(Reuters) – Canada’s main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal year, fuelled by strong bitumen royalties and higher income tax revenues.<\/p>\n

Earlier this year Alberta had forecast a budget surplus of C$3.2 billion.<\/p>\n

The province said volatile oil prices, continued inflation challenges and uncertainty due to slowing global growth could still impact its finances, however, and warned debt servicing costs will be higher than previous years due to higher interest rates.<\/p>\n

“Our second-quarter fiscal update is another positive report, showing strength in Alberta’s finances and economy and positioning us for future growth and prosperity,” Finance Minister Nate Horner said in a statement.<\/p>\n

Alberta’s economy is expected to grow 2.8% in 2023, in line with government forecasts, although the province said the pace of growth will be slower compared with the last two years when Alberta was recovering from the COVID-19 pandemic.<\/p>\n

($1 = 1.3557 Canadian dollars) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Canada’s main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal year, fuelled by strong bitumen royalties and higher income tax revenues. Earlier this year Alberta had forecast a budget surplus of C$3.2 billion. The province said volatile oil prices, continued inflation challenges and […]<\/p>\n","protected":false},"author":1,"featured_media":89536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-89535","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nCanada's oil province Alberta forecasts increased C$5.5 billion budget surplus | iFintechWorld<\/title>\n<meta name=\"description\" content=\"(Reuters) - Canada's main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=89535\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"(Reuters) - Canada's main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=89535\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-31T09:56:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-31T09:56:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2024\/01\/LYNXNPEAAO0V4_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"530\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=89535#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=89535\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Canada’s oil province Alberta forecasts increased C$5.5 billion budget surplus\",\"datePublished\":\"2024-01-31T09:56:13+00:00\",\"dateModified\":\"2024-01-31T09:56:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=89535\"},\"wordCount\":170,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=89535#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=89535\",\"url\":\"https:\/\/ifintechworld.com\/?p=89535\",\"name\":\"Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2024-01-31T09:56:13+00:00\",\"dateModified\":\"2024-01-31T09:56:16+00:00\",\"description\":\"(Reuters) - Canada's main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=89535#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=89535\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=89535#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada’s oil province Alberta forecasts increased C$5.5 billion budget surplus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus | iFintechWorld","description":"(Reuters) - Canada's main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=89535","og_locale":"en_US","og_type":"article","og_title":"Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus | iFintechWorld","og_description":"(Reuters) - Canada's main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal","og_url":"https:\/\/ifintechworld.com\/?p=89535","og_site_name":"iFintechWorld","article_published_time":"2024-01-31T09:56:13+00:00","article_modified_time":"2024-01-31T09:56:16+00:00","og_image":[{"width":800,"height":530,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2024\/01\/LYNXNPEAAO0V4_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=89535#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=89535"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Canada’s oil province Alberta forecasts increased C$5.5 billion budget surplus","datePublished":"2024-01-31T09:56:13+00:00","dateModified":"2024-01-31T09:56:16+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=89535"},"wordCount":170,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Commodities"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=89535#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=89535","url":"https:\/\/ifintechworld.com\/?p=89535","name":"Canada's oil province Alberta forecasts increased C$5.5 billion budget surplus | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2024-01-31T09:56:13+00:00","dateModified":"2024-01-31T09:56:16+00:00","description":"(Reuters) - Canada's main oil-producing province Alberta on Thursday forecast an increased surplus of C$5.5 billion ($4.06 billion) for the 2023\/24 fiscal","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=89535#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=89535"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=89535#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Canada’s oil province Alberta forecasts increased C$5.5 billion budget surplus"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/89535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89535"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/89535\/revisions"}],"predecessor-version":[{"id":89537,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/89535\/revisions\/89537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/89536"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}