Do any Alberta politics blogs out there have a nice widget for "How much will the provincial budget deficit be if the price of oil is $X per barrel?"
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Do any Alberta politics blogs out there have a nice widget for "How much will the provincial budget deficit be if the price of oil is $X per barrel?"
Oil hits $90 US per barrel for first time in 2 years | CBC News
U.S. crude prices rise above $90 per barrel for the first time in more than two years.
CBC (www.cbc.ca)
The UCP are going to be so offensively smug if they get to publish a fiscal update in the fall that says "actually, thanks to massive instability in the Middle East resulting in a higher than forecast oil royalty revenues, our deficit will only be $4 billion, not 9 billion as originally estimated!"
#ABpoli (and also uspol & cdnpoli for people's I-can't-deal-with-the-news-right-now-sorry filters)
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Do any Alberta politics blogs out there have a nice widget for "How much will the provincial budget deficit be if the price of oil is $X per barrel?"
Oil hits $90 US per barrel for first time in 2 years | CBC News
U.S. crude prices rise above $90 per barrel for the first time in more than two years.
CBC (www.cbc.ca)
The UCP are going to be so offensively smug if they get to publish a fiscal update in the fall that says "actually, thanks to massive instability in the Middle East resulting in a higher than forecast oil royalty revenues, our deficit will only be $4 billion, not 9 billion as originally estimated!"
#ABpoli (and also uspol & cdnpoli for people's I-can't-deal-with-the-news-right-now-sorry filters)
@AmeliasBrain Well, the Fraser Insitute (you can't see me, but I'm looking like I have a nasty taste in my mouth) claims that every $1/barrel drop means 750 million less in the Alberta budget. There's a basic budget here (https://www.alberta.ca/revenue), which confusingly references WTI, rather than Western Canada Standard (WCS), which is what Alberta sells. WCS sale price is significantly discounted compared to Brent and WTI, so I have no idea why they didn't mention that.
There is a spreadsheet available, although I haven't downloaded it. That might allow you to play with various scenarios yourself.
https://www.alberta.ca/budget-documents -
R relay@relay.mycrowd.ca shared this topic
