Alberta ends 2022-23 with petro-powered $11.6B surplus

The Alberta government says it ended the 2022-23 budget year with a petro-powered $11.6 billion surplus, up from its third-quarter estimate of $10.4 billion.

It's a positive report, Finance Minister Nate Horner said in a statement Thursday. 

"We promised to keep our economy moving forward and Alberta is reaping the benefits," he said. 

"Albertans can rest easy knowing that Alberta’s prosperity today means more stability tomorrow as we continue to pay down debt and save for the future."