Monday, November 15, 2021
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Alberta’s projected deficit slashed to $7.8 billion in first quarter fiscal update

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EDMONTON, AB – It looks like Alberta’s financial picture is looking better than what the government had expected.

The province released its first quarter fiscal update Tuesday.

It shows this year’s deficit is projected to be $7.8 billion. That’s less than half of what was forecast, in the latest budget back in February.

Finance Minister, Travis Toews says Alberta’s economy is already witnessing signs of recovery and growth, but he stressed there is still more to do.

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Oilsands production is getting a lot of credit to the better fiscal picture. In a news release, the UCP government states oilsands production has risen more than 8% in the first half of the year with a quick rebound in bitumen output and drilling activity in June and July – exceeding 2019 levels.

As of July, Alberta added 73,000 jobs since the beginning of the year and has now recovered nearly 90% of the jobs lost when the pandemic first took hold in the province.

Toews says all this indicates Alberta’s recovery plan is working.

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Patrick Siedlecki

Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He’s been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes.

Community is important to him and keeping CJOC listeners and readers informed about what’s happening across southern Alberta and beyond.

Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007.

Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island.

Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL.

Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016.

News and sports have always been Pat’s passion from the time he was a teenager and he’s always been grateful to have had the opportunity to make that part of what’s been a fun and long radio career!

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