TLDRAlberta's new budget projects years of deficits due to slumping oil prices, with experts suggesting the province’s predictions for price recovery may be optimistic. The budget relies heavily on oil and gas royalties, which account for 18% of expected revenues. Experts warn that Alberta's reliance on volatile oil prices poses a structural deficit risk, urging economic diversification.

Source: CBC News March 07, 2026 00:42 UTC