Alberta ended the 2025–26 fiscal year with a $2.2 billion surplus, $7.4 billion better than budgeted thanks in part to high energy prices.
A $5.2 billion deficit was initially forecast, but revenue came in higher by $5.6 billion and expenses declined by $1.8 billion, turning the outcome into a surplus, according to the province’s 2025–26 year-end fiscal update.
The increase in revenue over budget was driven by gains in investment income of $2.1 billion, corporate income tax and other taxes that accounted for $1.1 billion, non-renewable resource revenue of $0.9 billion, and government business enterprise net income and other revenue totalling $1.8 billion. These increases offset drops in revenue from personal income tax and fees worth $0.4 billion….