EDMONTON – Alberta Finance Minister Doug Horner says the province will remain in the hole for the 6th straight year despite higher oil and gas revenues and a lower Canadian dollar.
Horner says the province has borrowed $2.7 billion to pay for infrastructure.
The rainy day savings contingency account is projected to be at $4.6 billion.
Horner is to deliver the new provincial budget March 6.
He says he plans to hold spending in place given the volatility of oil and gas revenues.