The NDP government is not pinning its financial hopes on a hefty improvement in oil prices, says Alberta Finance Minister Joe Ceci. Although oil markets are difficult to predict, Ceci says the province is playing it safe, while trying to wean Alberta off its fixation with oil revenues. We've built our budget around the possibility of having $39 oil," Ceci said Wednesday in an interview with CBC Radio's Edmonton AM radio show. "No, It's not a balanced budget, but it's a budget that we can see balancing," he added. But the Alberta government vastly underestimated the oil slump last year.

Source: CBC News August 24, 2016 18:00 UTC