Alberta Heritage Savings Trust Fund

Edmonton (Rajeev Sharma) — The Government of Alberta has unveiled a stark fiscal outlook for the upcoming fiscal year, projecting a significant C$9.4 billion deficit as the province grapples with the impact of lower global oil prices. Finance Minister Nate Horner presented the 2026-27 provincial budget on Thursday, highlighting a sharp reversal from the modest surpluses of previous years. The shift underscores the province's continued vulnerability to the volatile energy markets that remain the backbone of its economy. The projected shortfall is primarily attributed to a downward revision in the forecast for West Texas Intermediate (WTI) crude, the North American…