The Alberta government finished the 2015-16 fiscal year with a $6.4-billion deficit, $324 million higher than forecast in the October 2015 budget. "They've taken a $1.1-billion surplus from the previous fiscal year and delivered a $6.4-billion deficit," he said. Alberta ended the previous 2014-2015 fiscal year with a surplus of $1.1 billion. Overall, government revenue was $1.3 billion less than forecast in the October 2015 provincial budget, with expenses coming in $964 million lower than expected. Finance Minister Joe Ceci noted the final figure for the deficit was close to the $6.1-billion figure projected in the October budget.

Source: CBC News June 29, 2016 17:02 UTC