Alberta should be back in black by 2014-15, government predicts in budget

EDMONTON – Alberta’s six-year deficit streak should end in 2014-15 with a $555-million surplus, according to calculations based on the government’s three-year financial blueprint.

The 2013-14 budget released Thursday failed to fulfil the Progressive Conservative promise to balance Alberta’s books immediately without tapping into savings. Instead, the government expects a $1.97-billion deficit, in addition to $4.3 billion of borrowing for construction projects that include new schools, road improvements and health care facilities.

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