If you told the Alberta Treasury that today is Monday, what are the chances they’d be able to correctly predict what day tomorrow will be?
Probably they’d respond “Thursday,” judging from the hodge-podge of failed predictions and busted assumptions arising in the third-quarter financial update unveiled by Treasurer Joe Ceci.
There must have been something they got right when they came up with their budget for the financial year 2016-17, though you’d need to dig deep to find it.
And don’t be confused by news the walloping $10.8-billion deficit for the financial year is within spitting distance of the government’s original red-ink projection (if you can spit half a billion bucks, that is). That number just proves 30 wrongs can somehow, sometimes make something almost right – especially if you’ve a $700-million slush fund set aside for lower oil prices sitting in your back pocket that you toss into the ragged hat even though oil prices are actually higher th