2015-16 First Quarter Report

2015-16 First Quarter Fiscal Update and Economic Statement (released August 31, 2015)

Video of the Minister's media availability

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News release and quarterly reports

Alberta's updated first quarter forecast reflects higher-than-anticipated costs for fighting wildfires and drought, as well as the reversal of the previous government’s planned health levy and cuts to healthcare and education.

The first quarter results show an increase of $456 million for disaster assistance, including agricultural drought relief and wildfire fighting costs, over and above the $301 million allocated in the March 26 budget.

“The first quarter update highlights the difficult choices we have ahead as we build a budget that is prudent, while creating jobs and protecting the frontline services that Albertans count on. There is no doubt many Alberta families and businesses are feeling the effects of the dramatic drop in oil prices. That’s why our government is focused on building a plan for job creation and diversification of our economy.”

– Joe Ceci, President of Treasury Board and Minister of Finance

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Related Links

Budget 2015 documents introduced on October 27, 2015

Previous Quarterly Fiscal Updates

Heritage Fund website

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Page last updated:  April 10, 2016