Alberta government's finances in 'very solid spot' even as oil prices sag ableg abpoli
“Don’t hang your hat on any snapshot estimates.”“That a level where there are zero long-term sustainability concerns with that level of debt. So we have the ability to absorb the shocks using public debt.”
“We’re going to see some volatility, but you know, prudence matters,” he said, noting the government’s $1.5 billion contingency fund.Advertisement 4The current fiscal year concludes at month’s end, with the government’s most recent budget forecasting a $2.4-billion surplus for the following year.that Canadian oil and gas companies aren’t panicking over the recent run of low prices.
Budget 2023 pegged the exchange rate at 76 cents, while it currently sits closer to 73 cents, resulting in about a $1.5 billion difference, according to Tombe’s calculations.
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