"The day begins with news the promise of the Redford Tories to even just balance the books on the provincial government’s day-to-day spending for the upcoming year is now but a hope.
There isn’t enough cash coming in from the patch. Fantasy mathematics does not come through.
“It’s going to be tight,” confesses the premier"
http://www.calgarysun.com/2012/12/19...ow-going-ahead
"Alberta’s own perfect storm of market conditions means even a $3 billion deficit is no longer the worst case scenario.
Forget Premier Alison Redford’s campaign promise of a balanced budget. Even the revised promise of a balanced operating budget’s a crap shoot. Last year’s wildly optimistic three-year business plan is out the window, said Finance Minister Doug Horner."
http://www.calgarysun.com/2012/12/19...minister-warns