Alberta Government Fiscal Update Indicates Province's Economy in Big Upswing

Finance Minister Joe Ceci

The Alberta government now forecasts the economy will grow by 4.0%t in 2017, up from the 2.6% forecast at budget and 3.1% at first quarter.

The NDP government says the Alberta economy is looking up. Finance Minister Joe Ceci delivering the province's second quarter fiscal update Tuesday (Nov. 28). He says economic recovery is surpassing expectations. Alberta's economy is expected to grow by 4.0% this year, up from a forecast of 3.1% back at the first quarter. Ceci notes Alberta is on pace to lead all provinces in economic growth in 2017, with recovery in nearly every sector. As part of the fiscal update, the government included some economic highlights: Alberta has added more than 70,000 full-time jobs since mid-2016, mostly in the private sector. The number of drilling rigs has doubled 2016 levels for much of the year and retail sales have recovered to pre-recession levels. For the next two months, government will consult Albertans on Budget 2018 and the path to a balanced budget. Albertans will be asked for their priorities for controlling costs and to identify services and programs that should be protected by completing a survey online at www.budget.alberta.ca or by participating in two telephone town halls in late January. - Pat Siedlecki with files from Government of Alberta

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