March 16, 2017 / 9:32 PM / 8 months ago

Alberta, Canada's C$10.3 bln budget deficit higher than forecast

CALGARY, Alberta, March 16 (Reuters) - The Canadian crude-producing province of Alberta will post a higher-than-expected budget deficit of C$10.3 billion (US$7.73 billion) in the coming fiscal year, it said on Thursday, raising spending as its economy turned a corner.

Alberta, home to Canada’s oil sands and the No. 1 exporter of crude to the United States, has been hammered by a decline in prices.

$1 = 1.3315 Canadian dollars Reporting by Ethan Lou in Calgary, Alberta; Editing by Matthew Lewis

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