Alberta’s Finance Minister says he has no idea when the province’s budget will be balanced, months after promising the deficit would be eliminated before the end of the decade. After he tables his budget, Mr. Ceci will explain his spending plan to investors and bond-rating agencies, which have already raised red flags about rising debt levels. Before Alberta’s next general election, set for 2019, the province will begin borrowing money to finance the day-to-day operations of government – something it hasn’t done since 1994.
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