NDP to table largest deficit budget in Alberta history as provincial revenues plummet with oil prices

Lost in the hullabaloo over Rachel Notley’s NDP snuffing out the 44-year Tory dynasty has been the magnitude of the fiscal squeeze now facing the province.

The collapse of crude oil prices that had former Progressive Conservative premier Jim Prentice warning Albertans to brace for a $7-billion hole in provincial revenues will result in his NDP successors tabling a budget Tuesday that forecasts the largest-ever deficit in the province’s history.

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