Alberta says 2023/24 budget surplus smaller than forecast, cites refinery losses

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Province Of Alberta News

Budget Surplus,Alberta Government,Sturgeon Refinery

Canada's main oil-producing province of Alberta on Thursday said the 2023/24 budget surplus would be smaller than initially estimated, partly due to losses...

- Canada's main oil-producing province of Alberta on Thursday said the 2023/24 budget surplus would be smaller than initially estimated, partly due to losses incurred by the Sturgeon refinery, which is joint-owned by the province.

But net income from government business enterprise was C$1.5 billion lower than forecast, mainly because of a C$1.3 billion non-cash adjustment to the Sturgeon Refinery's processing agreement, the province said."The additional decrease from budget was due to a larger loss than was budgeted at the Sturgeon Refinery due to weaker commodity prices," Alberta said in its year-end report.

Many analysts have criticized the Alberta government for signing a tolling agreement that left the province exposed to higher risks and costs. Monica Lewinsky said she hopes Judge Aileen Cannon, who is overseeing former President Donald Trump’s classified documents case, is impeached.Ex-Trump White House Attorney Burns Docs Judge With What 'Seems To Be Her New Last Name'CNN’s Boris Sanchez faced off with Rep. Dan Meuser on Wednesday after the congressman defended and downplayed former President Trump’s promise to pardon all people convicted of crimes related to the Jan. 6 attack on the Capitol Building.

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Budget Surplus Alberta Government Sturgeon Refinery

 

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