Alberta books first surplus budget since '08

By: The Canadian Press

 | Jun 30, 2014 - 2:03 PM |
EDMONTON - The final numbers are in for the last fiscal year in Alberta, and they show the province has turned the corner following the global economic meltdown of 2008.

Alberta recorded a $755-million surplus in the 2013-14 fiscal year — the first such surplus in six years.

The province brought in more than $45 billion in revenue.

That's 17 per cent more than expected, credited mainly to higher than forecast energy and tax revenues.

Total spending was almost $42 billion, and the province now has in $8.7 billion in debt for capital projects.

The rainy day contingency account sits at $4.7 billion, but is forecast to soon increase to $6 billion.

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