March 6, 2014 / 10:40 PM / in 3 years

Canada's Alberta expects operating surplus in coming fiscal year

CALGARY, Alberta, March 6 (Reuters) - The Canadian province of Alberta, the largest source of U.S. oil imports, said on Thursday it expects to post a C$2.6 billion ($2.4 billion) operating surplus in the upcoming fiscal year on higher resource and tax revenue.

In his budget for the 2014/2015 fiscal year, Alberta Finance Minister Doug Horner said the province expects revenue of C$43 billion and expenses of C$40.4 billion.

Capital spending, which is not included in the operating budget, will total C$6.6 billion in the coming fiscal year, with most of the money directed to roads, schools and health care.

There are no new taxes or tax increases in the budget.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below