Alberta’s deficit may be bigger than originally projected

Albertans will find out Thursday just how deep in red ink the province is swimming.

Finance Minister Joe Ceci is set to release the year end budget update for 2016/2017, Thursday afternoon.

Back in February, Ceci projected a year-end deficit of $10.8 billion, while claiming a turn-around is imminent.

However, those projections were based on an average oil price of $55 US for 2017 with West Texas Crude currently sitting about $10 below that number.

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