First Quarter Fiscal Highlights from the Alberta Government: Solid planning and increased revenue lead to lower deficit forecast

In a news release from the Alberta Government, Finance and Enterprise report that revenue is up $2.7B from budget (higher oil prices and near record land sales), expenses are up $650M from budget (mostly for disaster and emergency relief), the projected deficit for 2011/2012 is down $2.7B and the Sustainability Fund is now forecasted to grow by an additional $4.4B.