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Government deficit may reach $6.5 billion

from Spruce Grove Examiner

Alberta's deficit could reach $6.5 billion at the end of this fiscal year, if the economy continues to contract. Minister of Finance Joe Ceci announced the first quarter report recently, which forecasted a debt of $5.9 billion, but that was using previous information. The report has not accounted for the severe dip in oil prices or the crash of China's stock market. more

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