Not all is well in Alberta
Province undershoots oil and gas revenue target, faces decline in oil sands take, but expects C$4.1 billion budget surplus
For Petroleum News
The vaults are bulging and the budget surplus for 2005-06 should average about C$2,300 for every one of its 3.2 million residents thanks to non-renewable resource revenues of C$14.36 billion.
But there are low-level rumblings of disquiet in Alberta, where royalties are missing the government’s targe....
[additional news subjects in this story]
Revenues expected to drop in 2006-07
General corporate tax rate cut to 10%
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