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Alberta forecasts $4.6B surplus in budget update, but braces for uncertainty

  • Alberta's government is forecasting a $4.6 billion surplus for this fiscal year, according to Finance Minister Nate Horner.
  • The surplus will be divided to pay down debt and contribute to the Heritage Savings Trust Fund.
  • Global economic conditions are creating financial risks, prompting a $2.50 drop in oil price expectations.
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