Ever since Jason Kenney and the United Conservative Party took power in Alberta, they have repeatedly argued the province has a spending problem. That's where they have centred their fiscal focus.
Thursday's fiscal update, however, showed just how bad the revenue side of the government's finances has become — the plight of the oilpatch is leaving a giant hole in the budget.
Revenue from the oilpatch is expected to be $1.2 billion this year, down from the $3.9 billion forecast and a far cry from better days in the sector, such as 2014-15 when those revenues were $8.9 billion.
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