Alberta Economic Forecast

Fiscal policy - Q2 update Key metrics • • Fiscal policy Contain rate of growth of government operating expense to the rate of population growth plus inflation Manage province's fiscal position with a long-term view - Maintain government services, instead of making drastic cuts Actuals Budget Q2 Forecast Budget Targets 2014-15 2015-16 2016-17 2016-17 2017-18 2018-19 Consolidated Revenue 49.5 42.5 41.4 42.7 45.0 49.6 Consolidated Expense 48.4 48.9 51.1 52.8 53.6 56.0 Surplus (Deficit) 1.1 (6.4) (9.7) (10.1) (8.6) (6.4) Risk Adjustment (0.7) (0.7) (1.5) (2.0) Surplus (Deficit) After 1.1 (6.4) (10.4) (10.8) (10.1) (8.4) Risk Adjustment Alberta 9

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