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Energy Sector

Alberta Energy Sector

Energy Sector

Weekly Highlight

June 29, 2011
Alberta’s fiscal results improve in 2010-11.
Province posts lower deficit as economy grows.
energy sector world map2010-11 Annual Report Highlights

  • Alberta’s fiscal results reflected growing confidence in the Alberta economy, which grew by an estimated 3.8 per cent in 2010.
  • Alberta posted a $3.4 billion deficit in 2010-11, $1.3 billion lower than estimated at budget
  • The Sustainability Fund, which stood at $11.2 billion at March 31, 2011 is $3 billion higher than forecast at budget.
  • Revenue was $34.9 billion, $886 million higher than budget, mainly due to higher bitumen royalties, strong land lease sales, and investment income.
  • Expense was $38.3 billion, $452 million lower than budget, mainly due to decreases in operating expense and re-profiling of capital grants to future years.  No projects have been canceled.

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