“Money is like manure. If you spread it around, it does a lot of good; but if you pile it up in one place, it stinks like hell.” – Clint Murchison
Spending unchanged from second quarter forecast
Third Quarter Fiscal Highlights
* Revenue is $36.6 billion, an increase of $1.5 billion from second quarter forecast
* Expense is $29.7 billion, a decrease of $40 million from second quarter forecast
* The surplus is forecast at $7 billion, an increase of $1.5 billion from second quarter forecast
Edmonton… Strong business profits and returns in world equity markets are bolstering the province’s bottom line in 2006-07, as reported in the Government of Alberta’s 2006-07 Third Quarter Fiscal Update. Revenue is now forecast to be $4.2 billion higher than budgeted, increasing the forecast surplus to $7 billion.