Alberta economy on the rise, deficit decreasing

Nov 28 2017, 10:55 pm

We’re moving on up, Alberta.

According to the provincial government, Alberta’s economic forecast has seen a steady rise since budget, going up from a 2.6% predicted increase in 2017 to a 4% increase.

While the 2017-2018 deficit is forecasted at $10.3 billion, that number is still $183 million less than what was originally expected, according to a release from the Government of Alberta.

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“With the recession behind us, Alberta’s economy has returned to growth,” said Treasury Board President and Minister of Finance Joe Ceci, in the release.

“I look forward to hearing Albertans’ thoughts on how we can continue to make life better for Albertans while compassionately tightening our belt and returning responsibly and carefully to balance without extreme and risky cuts.”

The release states that independent forecasters place Alberta on pace to lead all other Canadian provinces in economic growth this year, with almost every sector showing recovery.

The province has saved in 2017 by placing restrictions on hiring for the Alberta Public Service, reducing discretionary spending, and placing a salary freeze on management and non-union employees for an additional 18 months, stretching to September 30, 2019.

Albertans are being asked to voice which services and programs they’d like to have protected through an online survey or by attending telephone town halls in January 2018.