{"id":682,"date":"2020-08-27T21:21:13","date_gmt":"2020-08-27T21:21:13","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2020\/08\/27\/albertas-projected-budget-deficit-surges-to-24-2-billion\/"},"modified":"2020-08-27T21:21:13","modified_gmt":"2020-08-27T21:21:13","slug":"albertas-projected-budget-deficit-surges-to-24-2-billion","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/","title":{"rendered":"Alberta&#8217;s Projected Budget Deficit Surges to $24.2 Billion"},"content":{"rendered":"<p><b>Highlights:<\/b><\/p>\n<ul class=\"disc pad-l\">\n<li>Alberta&#8217;s deficit is expected to come in $16.8 billion higher than previously budgeted<\/li>\n<li>Sharp declines in income tax and non-renewable resource revenues prompt $11.5 billion cut to income projection<\/li>\n<li>COVID-19-related expenditures main factor driving expense projection upward by $5.3 billion Alberta GDP is forecast to fall by nearly 9% in 2020<\/li>\n<\/ul>\n<hr>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/budget_ab_aug2020_picture2.png\" alt=\"\" width=\"888\" height=\"573\" class=\"alignnone size-full wp-image-26764\" \/><\/p>\n<hr>\n<p> The new deficit figure is more than triple the projection included in the February 27th budget. All Canadian provinces are facing record deficits this year, so Alberta is not alone in substantially revising their pre-COVID budget. However, Alberta&#8217;s reliance on highly volatile non-renewable resource revenues has exacerbated the province&#8217;s fiscal situation. Its deficit, at 7.7% of GDP, is the highest among the provinces.<\/p>\n<p>The increased deficit is largely accounted for by lower expected revenues (down by nearly a quarter, or $11.5 billion, to $38.4 billion) with income tax and non-renewable resource revenues plunging 25% and 76%, respectively. The province&#8217;s updated assumption for West Texas Intermediate (US$36 per barrel) in 2020-21 is 38% lower than the February budget assumption (US$58). <\/p>\n<p>In addition to falling revenues, provincial expenses have been upwardly revised by $5.3 billion (up 9.3%) to $62.6 billion. Alberta&#8217;s COVID-19\/Recovery Plan will cost the province $3 billion this fiscal year, and the divestment of crude-by-rail contracts is set to cost $1.3 billion. The capital plan has been boosted by $1.4 billion to $8.4 billion, which largely reflects accelerated investment from future years. The province&#8217;s tax-payer supported debt projection is expected to increase by $25.4 billion (a 34% increase from 2020 levels) to $99.6 billion on March 31st, 2021. Net debt is expected to represent 30% of GDP at the end of March 2021.<\/p>\n<p>The Alberta government forecasts real GDP to fall 8.8% in 2020 and grow 4.6% in 2021. Nominal GDP is expected to plummet 13.9% in 2020 before rebounding by 6.3% in 2021. Alberta is making a strong plea for reform of the federal government fiscal stabilization program, including the removal of the $60 per resident cap embedded in the program. It makes sense for the province to request more favourable terms to make up part of the hefty revenue losses it&#8217;s suffering from these extremely challenging circumstances. Over the coming years, though, the provincial would also do well to actively diversify its provincial revenue sources, especially reducing dependence on non-renewable resources\u2014the price of which it has no control over. <\/p>\n<hr>\n<div class=\"rds-callout-white\" style=\"border: 1px solid #c4c8cc;\">\n<div class=\"rds-gcw\">\n<div style=\"display:inline-block; vertical-align: top;\" class=\"img w-mob-100\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/econ-download.png\" alt=\"\" width=\"261\" height=\"177\" class=\"alignleft size-full wp-image-23215\" \/><\/div>\n<div class=\"rds-inline pad-hlf\" style=\"display:inline-block; vertical-align: top;\">\n<h4 class=\"mar-t\">Read report PDF<\/h4>\n<p><a class=\"btn tertiary\" role=\"button\" href=\"https:\/\/royal-bank-of-canada-2124.docs.contently.com\/v\/albertas-projected-budget-deficit-surges-to-242-billion-report\" target=\"_blank\" rel=\"noopener noreferrer\" data-dig-id=\"TNL_077\" data-dig-category=\"TNL Economics\" data-dig-action=\"mid-funnel click\" data-dig-label=\"AB Budget 2020\">Download<\/a>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p><i>This report was authored by Economist, Carrie Freestone.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alberta&#8217;s deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.<\/p>\n","protected":false},"author":234,"featured_media":679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,91,45],"tags":[19],"rbc_econ_content_type":[],"class_list":["post-682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-provincial-and-fiscal-outlooks","category-provincial-budgets-and-economic-statements","tag-alberta"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Alberta&#039;s Projected Budget Deficit Surges to $24.2 Billion - RBC Economics<\/title>\n<meta name=\"description\" content=\"Alberta&#039;s deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alberta&#039;s Projected Budget Deficit Surges to $24.2 Billion\" \/>\n<meta property=\"og:description\" content=\"Alberta&#039;s deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-27T21:21:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1236\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"RBC\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RBC\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/\"},\"author\":{\"name\":\"RBC\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#\\\/schema\\\/person\\\/176c7a354542d537fffc23f98f89e80f\"},\"headline\":\"Alberta&#8217;s Projected Budget Deficit Surges to $24.2 Billion\",\"datePublished\":\"2020-08-27T21:21:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/\"},\"wordCount\":389,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Banner-wide-210-scaled-1.jpg?quality=80\",\"keywords\":[\"Alberta\"],\"articleSection\":[\"Canadian Analysis\",\"Provincial and Fiscal Outlooks\",\"Provincial Budgets and Economic Statements\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/\",\"name\":\"Alberta's Projected Budget Deficit Surges to $24.2 Billion - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Banner-wide-210-scaled-1.jpg?quality=80\",\"datePublished\":\"2020-08-27T21:21:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#\\\/schema\\\/person\\\/176c7a354542d537fffc23f98f89e80f\"},\"description\":\"Alberta's deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Banner-wide-210-scaled-1.jpg?quality=80\",\"contentUrl\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/\\\/2025\\\/03\\\/Banner-wide-210-scaled-1.jpg?quality=80\",\"width\":2560,\"height\":1236},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/canadian-analysis\\\/provincial-and-fiscal-outlooks\\\/provincial-budgets-and-economic-statements\\\/albertas-projected-budget-deficit-surges-to-24-2-billion\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alberta&#8217;s Projected Budget Deficit Surges to $24.2 Billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#website\",\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/#\\\/schema\\\/person\\\/176c7a354542d537fffc23f98f89e80f\",\"name\":\"RBC\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b105f9755b11baabaedb73de5e85848c5a51158a9bc64574c454cf7d0fea8968?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b105f9755b11baabaedb73de5e85848c5a51158a9bc64574c454cf7d0fea8968?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b105f9755b11baabaedb73de5e85848c5a51158a9bc64574c454cf7d0fea8968?s=96&d=mm&r=g\",\"caption\":\"RBC\"},\"url\":\"https:\\\/\\\/www.rbc.com\\\/en\\\/economics\\\/author\\\/rbc\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alberta's Projected Budget Deficit Surges to $24.2 Billion - RBC Economics","description":"Alberta's deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/","og_locale":"en_US","og_type":"article","og_title":"Alberta's Projected Budget Deficit Surges to $24.2 Billion","og_description":"Alberta's deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/","og_site_name":"RBC Economics","article_published_time":"2020-08-27T21:21:13+00:00","og_image":[{"width":2560,"height":1236,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80","type":"image\/jpeg"}],"author":"RBC","twitter_card":"summary_large_image","twitter_misc":{"Written by":"RBC","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/"},"author":{"name":"RBC","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/176c7a354542d537fffc23f98f89e80f"},"headline":"Alberta&#8217;s Projected Budget Deficit Surges to $24.2 Billion","datePublished":"2020-08-27T21:21:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/"},"wordCount":389,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80","keywords":["Alberta"],"articleSection":["Canadian Analysis","Provincial and Fiscal Outlooks","Provincial Budgets and Economic Statements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/","name":"Alberta's Projected Budget Deficit Surges to $24.2 Billion - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80","datePublished":"2020-08-27T21:21:13+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/176c7a354542d537fffc23f98f89e80f"},"description":"Alberta's deficit is expected to be higher than previously budgeted as there are sharp declines in income tax and non-renewable resource revenues.","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80","width":2560,"height":1236},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/albertas-projected-budget-deficit-surges-to-24-2-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"Alberta&#8217;s Projected Budget Deficit Surges to $24.2 Billion"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/176c7a354542d537fffc23f98f89e80f","name":"RBC","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b105f9755b11baabaedb73de5e85848c5a51158a9bc64574c454cf7d0fea8968?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b105f9755b11baabaedb73de5e85848c5a51158a9bc64574c454cf7d0fea8968?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b105f9755b11baabaedb73de5e85848c5a51158a9bc64574c454cf7d0fea8968?s=96&d=mm&r=g","caption":"RBC"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/rbc\/"}]}},"author_meta":{"display_name":"RBC","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/rbc\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-210-scaled-1.jpg?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/\" class=\"advgb-post-tax-term\">Provincial and Fiscal Outlooks<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/\" class=\"advgb-post-tax-term\">Provincial Budgets and Economic Statements<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Provincial and Fiscal Outlooks<\/span>","<span class=\"advgb-post-tax-term\">Provincial Budgets and Economic Statements<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/provincial-and-fiscal-outlooks\/provincial-budgets-and-economic-statements\/\" class=\"advgb-post-tax-term\">Alberta<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Alberta<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 6 years ago","modified":"Updated 6 years ago"},"absolute_dates":{"created":"Posted on August 27, 2020","modified":"Updated on August 27, 2020"},"absolute_dates_time":{"created":"Posted on August 27, 2020 9:21 pm","modified":"Updated on August 27, 2020 9:21 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/234"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=682"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/679"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=682"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}