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Alberta's surplus is likely to be $13.2 billion in 2022-23 : Kenney

BY THE CANADIAN PRESS, Aug 31, 2022 3:31 PM - REPORT AN ERROR

Alberta Premier Jason Kenney says the province is on track for a $13.2-billion surplus in this budget year.

That is above the $511-million surplus forecast when the provincial budget was introduced in February.

The province is riding another wave of financial prosperity due to high oil and gas prices, along with higher royalty payouts from maturing oilsands projects.

Kenney, currently on a government trip in South Korea, made the announcement in a video posted to Twitter.

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